manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Wait for rollback to 119.91 area

13 May 2015, USD/JPY

Day chart: so, Yesterday's attempt to break through the horizontal channel was not successful, creating a false breakthrough inside bar. So now the obvious prospect of reducing to the bottom border of range (118.69)

Ждем откат в зону 119.91 для продаж

Н4: local support at 119.62 is not a weak one, because ADX shows flat too. One more up rollback is expected to middle Bollinger band(119.91)

Ждем откат в зону 119.91 для продаж

Н1: Bear pressure is located here. Sell if it goes back to 119.84-119.91

Ждем откат в зону 119.91 для продаж

Expectations: so, 118.62 support will be testing, then it goes to 119.91 level. Then new wave is expected with 118.69 target

Trading decisions:

1) Sell from 119.91 to 118.69. It will probably achieved tomorrow.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .