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

Purchases after decline to 119.58

27 August 2015, USD/JPY

The daily chart: impressive inside bar can provide bulls with significant correction (up to the middle Bollinger band (123.25). However, support on the bottom band (118.47) appears to be an attractive level.

Purchases after decline to 119.58

Н4: strong resistance at 122.15 (the Upper Bollinger Band)

Purchases after decline to 119.58

Н1: here we can see northern determination. It is still possible for the price to roll back to the area of the middle band (119.58), from which bulls may start to 122.15.

Purchases after decline to 119.58

Expectations: falling to 119.58 and then start up to 122.15

Trading solutions:

1) Purchases from 119.58 to 122.15

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 .