Growth! | 04 August 2016
04 August 2016, USD/JPY
Daily chart: a bullish inside bar has been received again, but again it was on support. Is it the trap? We'll see. But there is a high probability of correction in the direction of the middle Bollinger band (103.89)
Н4: a flat non-directional corridor within Bollinger envelopes (100.53-102.79)
Н1: and here we see a local trend northern charge! Th upper envelope was broken and now bulls are ready to attack at least to 102.79
Expectations: growth to 102.79 and possibly to 103.89
Solutions: Buy to 102.79 and possibly to 103.89
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.
