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Premarket view on the Yen

05 October 2015, USD/JPY

The daily chart: the pair has preserved horizontal flat channel 119.27-120.91, but it must be noted that it is bought on declines.

Premarket view on the Yen .

Н4: more localized flat range 119.43-120.32

Premarket view on the Yen.

Н1: the same limits of the flat as on Н4, but too active ADX. There is a possibility that the bulls will arrange the start up without a new decline.

Premarket view on the Yen.

Expectations:

1) decline to 119.27 and then splash to north to 120.32

2) Direct growth to 122.00

solutions:

1) We wait with purchases around 119.27. Goals - 120.32 and 122.00 (extraday)

Aleksey Panasenko
FreshForex Analyst
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