Buy from 105.71 | 19 Juli 2016
19 Juli 2016, USD/JPY
Daily chart: what is happening is very similar to northern training. If this scenario is correct, then we have to wait for a breakthrough of the upper envelope, and then return to the area of the middle Bollinger band (103.41)
Н4: the price shows a bullish momentum, but because of weak ADX we can assume a certain period of trading inside the corridor 105.34-106.51
Н1: an aggressive bullish ADX indicates willingness of buyers to act not later than support 105.71 (middle Bollinger band) will be touched
Expectations: a rollback to 105.71 and then an upward movement to 106.51
Solutions: purchase from 105.71 to 106.51
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.
