Drop to 100.59 | 27 Juni 2016
27 Juni 2016, USD/JPY
Daily chart: expansion of the bottom envelope can be a sign of a new drop. At the same time, a rollback to the middle Bollinger band (106.35) seems to be appropriate.
Н4: a much better shaped resistance 104.17 (middle Bollinger band).
Н1: clamping of the pair within Bollinger envelopes (100.59-104.17). ADX has not reached the trend of value yet, but it is growing. Therefore, purchase is not considered
Expectations: drop to 100.59
Solutions: sell to 100.59
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
