13 October 2016, USD/JPY
Daily chart: very active trend ADX favors buyers, who now have a chance and space to attack up the medium-term target 106.55.
Н4: a well expressed divergence of the oscillator, on the one hand, anticipates a downward correction, but on the other hand, tells us that new highs can be finalized before the pullback. Intermediate resistance is at the upper Bollinger band (104.42)
Н1: the upper Bollinger band is looking upward, confirming preservation of bullish potential, and points to 104.59, which will be the target. Support is at the middle Bollinger band (103.90)
Expectations: growth to 104.59 and then a downward correction towards 103.90
Solutions: sale from 104.59 to 103.90
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