Buy around 105.72 | 20 Juli 2016
20 Juli 2016, USD/JPY
Daily chart: active trend ADX indicates readiness of the price to grow and break through the top envelope (resistance 107.07)
Н4: here, as we see, to ADX is not ready for a break through, so the price may be traded within 105.04-106.49. But selling against the day pressure is not recommended.
Н1: a better shaped flat corridor 105.72-106.49
The main scenario - flat 105.72-106.49
The alternative scenario - surge to 107.50
Solutions: look for the upward entry points to 105.72
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.
