Growth to 106.33

29 July 2016, USD/JPY

Daily chart: So far, the middle Bollinger band (104.16) is holding bears that enabling buyers to move up to 107.79 (the upper Bollinger band)

Н4: a better shaped resistance is at 106.33 (the upper Bollinger band), support is at 104.16.

Н1: breakthrough of the top envelope against a very active ADX equiprobably can bring an impulse growth to 106.33 and the preliminary rollback to the middle Bollinger band (104.90)

The main scenario - a rollback to 104.90 and then surge to 106.33 (extraday)

The alternative scenario - a direct surge to 106.33

Trading solutions: buy to 106.33 (the best possible tactics - from 104.90)

Aleksey Panasenko
FreshForex Analyst
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