05 September 2016, USD/JPY
Daily chart: over-active ADX almost guarantees bulls further progress up to 106.30. In technical point of view, there are almost no alternative options against it.
Н4: a similar situation, but there is some danger of "bull trap" because the oscillator is showing signs of persistently bearish divergence that can talk about the upcoming reversal. But as a rule, such ADX parameters are not broker, so unconditional priority belongs to the northern scenario.
Н1: support local area - 103.61 (middle Bollinger band). Perhaps we will see a pullback to the area. Resistance is at the level of 104.22 (upper band)
The main scenario - touch of 103.61 and then rise to 104.22
The alternative scenario - growth to the 105th figure
Trading solutions: So, we look for buying options to 106.30 (in the middle run). The best possible area for entries is 103.61.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us