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04 August 2016, USD/JPY

Daily chart: a bullish inside bar has been received again, but again it was on support. Is it the trap? We'll see. But there is a high probability of correction in the direction of the middle Bollinger band (103.89)


Н4: a flat non-directional corridor within Bollinger envelopes (100.53-102.79)


Н1: and here we see a local trend northern charge! Th upper envelope was broken and now bulls are ready to attack at least to 102.79


Expectations: growth to 102.79 and possibly to 103.89

Solutions: Buy to 102.79 and possibly to 103.89

Aleksey Panasenko
Analyst of «FreshForex» company
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