Growth to 106.33 | 29 Juli 2016
29 Juli 2016, USD/JPY
Daily chart: So far, the middle Bollinger band (104.16) is holding bears that enabling buyers to move up to 107.79 (the upper Bollinger band)
Н4: a better shaped resistance is at 106.33 (the upper Bollinger band), support is at 104.16.
Н1: breakthrough of the top envelope against a very active ADX equiprobably can bring an impulse growth to 106.33 and the preliminary rollback to the middle Bollinger band (104.90)
The main scenario - a rollback to 104.90 and then surge to 106.33 (extraday)
The alternative scenario - a direct surge to 106.33
Trading solutions: buy to 106.33 (the best possible tactics - from 104.90)
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.
