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To the North

06 October 2015, USD/JPY

The daily chart: Meanwhile the price preserves flat status within the Bollinger envelopes (119.45-120.87), but we cannot ignore that overall accumulation aims to the north.

To the North

Н4: strong ADX indicates readiness of bulls attack more, but before that the middle band can be tested.

To the North

Н1: more localized support to the middle Bollinger band (120.22), where bulls can start to attack 120.58 resistance and above

To the North

Expectations: pullback to 120.22 and then a new phase of growth to 121.87, 122.00


1) Buy from 120.20 to 121.87 and 122.00

Aleksey Panasenko
FreshForex Analyst
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