Growth to 102.79 | 12 August 2016
12 August 2016, USD/JPY
Daily chart: the pair is concentrated within the lower Bollinger envelope (99.78-103.75) and so far this trend shows no sign of the end.
Н4: a local resistance 102.79 (upper Bollinger band). Envelopes are stable, so there is a high probability of a downward rebound from this level.
Н1: local northern accumulation on active ADX makes profit for buyers around 102.50 - 102.79 highly probable
Expectations: growth towards 102.79
Solutions: Buy to 102.79
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.
