Goal of correction - 107.58 | 22 June 2016

22 June 2016, USD/JPY

Daily chart: the pair at full speed is rushing toward the middle Bollinger band (107.58) within the frames of upward correction

Н4: here we have attack of the top envelope and aggressive rising ADX. A key indicator of the trend value has not been reached, so a rollback to the middle band (104.36) is likely.

Н1: within this frame we have already obtained bullish trend ADX parameters, therefore, nothing but the growth. The potential can be 100 points or more.

Expectations: so, the pair is preparing to continue a north leap towards 107.58. The goal is unlikely to be reached within a day, so conservative traders are recommended to settle their profit around ​​106.00

Solutions: Buy to 107.58

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus