Waiting for short signals around 106.10-106.51 | 15 Juli 2016
15 Juli 2016, USD/JPY
The daily chart: ADX is turning up, so resistance 106.51 (the upper Bollinger band) may be under load, which in turn can lead to growth (in the medium run) for a few hundred points. This is just as probable as a downward rebound from 106.51 (blue arrow).
Н4: the first signs of divergence of the oscillator with resistance around 106.51 (the upper Bollinger band). Support is at 104.51 and
Н1: On the local level we also see a bearish divergence. The resistance is around 106.10-106.51
Expectations: touch of 106.10-106.51 followed by decline towards 104.51 and 103.41
Solutions: Sell from around 106.10-106.51 (after we get sell signals!)
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.
