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Flat 119.46-120.10

29 September 2015, USD/JPY

The daily chart: as we expected, the is still in a consolidation phase within the range of the Bollinger envelope (119.19-121.13)

Flat 119.46-120.10

Н4: more localized flat corridor 119.46-120.96. We expect touch of the bottom wall and a bounce in the upward direction.

Flat 119.46-120.10

Н1: Intraday support at 119.66. Resistance 120.10

Flat 119.46-120.10

Expectations: expect decline to zone 119.46-119.66 and an upward rebound to 120.10

solutions: We can consider buying from 119.46 to 120.10

Aleksey Panasenko
FreshForex Analyst
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