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Possible growth to 102.48

08 August 2016, USD/JPY

Daily chart: the pair is forming an upward structure as the part of rebound from bottom Bollinger band (100.23), but it happens on corrective ADX. This can lead to a multidirectional movement

Possible growth to 102.48

Н4: at this local level, the movement is upward. Zone of possible purchases - 101.35 (middle Bollinger band)

Possible growth to 102.48

Н1: local resistance is at 102.48 (upper Bollinger band), support is at 101.79

Possible growth to 102.48

Expectations: touch of 101.79 and then surge to 102.48

Solutions: purchase from 101.79 to 102.48

Aleksey Panasenko
FreshForex Analyst
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