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Premarket view on the Yen

28 September 2015, USD/JPY

The daily chart: ADX turned away from growth, so we can expect strong resistance at the upper Bollinger band (121.50). It can return back to the lower band (119.09)

Premarket view on the Yen".

Н4: the price has also worked out the upper Bollinger band (120.93), so we may not see 121.50. Support is also more localized - 119.43 (Lower Bollinger Band).

Premarket view on the Yen

Н1: more localized Support at 120.02. You can also see a bearish O&U on the younger frames from 121.00

Premarket view on the Yen.

Expectations: So, we're waiting for a fall to 120.02 after a preliminary pullback to 121.00

solutions: We sell from 121.00 to 120.02

Aleksey Panasenko
FreshForex Analyst
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