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The decisive day

09 October 2015, USD/JPY

The daily chart: we note active trend ADX, that may say about a prepared exit from the flat range. Where? There is no unequivocal answer. Any clarity about the bearish scenario will be showed under the support of 118.70. Bulls also need to pierce the upper Bollinger band (120.71)

The decisive day

Н4: as important support at 119.66. Resistance - 120.59 (Upper Bollinger Band)

The decisive day

Н1: the determining range will be localized even more - 119.73-120.00

The decisive day

Expectations

1) Breakdown will happen in case of breakdown of support zone 119.66-119.73. The goal would be 118.70

2) Growth will be initiated during movement above 120.00. The goal - 120.59, 121.71

solutions:

1)buy with stops below 119.66 and target 120.51

2) Sales based on breakdown of the level 119.66 with the goal 118.70

Aleksey Panasenko
FreshForex Analyst
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