USD/JPY. Purchases from 124.07

5 August, 2015

USD/JPY

Daily chart: the pair continues to grow in the direction of the upper Bollinger band (125.36), but given the lack of parameters ADX, this growth is not likely to be impulsive, and will be followed by setbacks.

Í4: a tough resistance at 124.38 (the upper Bollinger band) and weak ADX. It allows us to expecta rollback to 123.73.

Í1: trending pressure from ADX, therefore, is lower than on the middle Bollinger band (124.07) do not wait for the pair here.

Expectations: So, in general, the pair is rising to 125.36, but we can hope for a pullback to 124.07, where you can buy.

Trading solutions:

1) Purchases from 124.07 to 125.36 (extraday).


Source   Presented by FreshForex
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