Yen | 04 Juli 2016
04 Juli 2016, USD/JPY
Daily chart: the pair tends to finalize the lower band (101.03), where it can face demand in usd and the upward rebound in the direction of the middle Bollinger band (104.92)
Н4: a very narrow corridor within Bollinger envelopes(102.20-103.06)
Н1: a little better shaped support 102.38 (lower Bollinger band). Resistance is at 102.61 (middle band)
Expectations: so, we expect the flat character of movement with support between 102.20-102.38 and resistance 102.61
Solutions: Is it worth buying on a possible 40 points' surge from 102.20 - it's up to you to decide. But classic canons of conservative trading recommend us skipping this day
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.
