Yen. Possible breakthrough of 109.28 | 07 June 2016

Daily chart: the pair is quite predictably went to a correction after breaking the lower Bollinger envelope, and now the question is: will the bulls be kept by resistance from the middle Bollinger band (109.28)? Because if it will not be, then we are likely to see a further increase to 111.34 (upper band).

H4: the resistance 109.28 here looks quite stable, so to look at the formation of short signals in this area.

H1: the flat narrow range of 107.43-108.00. Within the flat, we are considering only the inputs up.

Expectations: The main scenario - flat 107.43-108.00 Alternative scenario - the impulse to 109.28 Trading solutions: purchases from 107.48 to 108.00 and 109.28.