Yen. 200 upward pips on correction | 06 June 2016
06 June 2016, USD/JPY
Daily chart: it is active phase of breakthrough bottom Bollinger Envelope with rising ADX presser. In this situation it is big possibility of tern to middle line (109.20), where most perspective medium-term down exits locate.
Н4: high oversold but bearish impulse has potential.
Н1: mark potential bottom it is 106.01 (bottom Bollinger Band and round level). Resistance is on 108.06 (middle Bollinger Band).
Expectation: decrease to 106.01 and bounce up to 108.06
Trading decisions: buy from 106.01 to 108.06.
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.
