Growth to 102.79

12 August 2016, USD/JPY

Daily chart: the pair is concentrated within the lower Bollinger envelope (99.78-103.75) and so far this trend shows no sign of the end.

Н4: a local resistance 102.79 (upper Bollinger band). Envelopes are stable, so there is a high probability of a downward rebound from this level.

Н1: local northern accumulation on active ADX makes profit for buyers around 102.50 - 102.79 highly probable

Expectations: growth towards 102.79

Solutions: Buy to 102.79

Aleksey Panasenko
FreshForex Analyst
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