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The range 100.77 - 101.66

15 August 2016, USD/JPY

Daily chart: the pair is gradually dropping to the bottom Bollinger band (99.78)

The range 100.77 - 101.66

Н4: there was a local rebound from the bottom Bollinger band (100.77) in the direction of the upper band (103.37) under the overall horizontal range.

The range 100.77 - 101.66

Н1: a better shaped resistance is at 101.66 (the middle Bollinger band); support is at 100.77 (the bottom band)

The range 100.77 - 101.66

Expectations: touch of 101.66 and then decline towards 100.77

Solutions: sales from 101.66 to 100.77

Aleksey Panasenko
FreshForex Analyst
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