Decline to 104.00 | 28 Juli 2016
28 Juli 2016, USD/JPY
Daily chart: probably the pair will face support at the middle Bollinger band (104.16), from where bulls will have a chance to attack 107.79 (the upper Bollinger band)
Н4: So far, at this local level the pair is consolidated within the lower envelope (104.00-105.27).
Н1: a local bearish pressure towards 104.16.
Expectations: drop to 104.00-104.16, from where the pair can bounce up
Solutions: sell from 104.00-104.17
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.
