manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Premarket view on the Yen

19 October 2015, USD/JPY

The daily chart: after a massive breakdown of the bottom envelope, a technical correction to the middle Bollinger band (119.94) is taking place, from which we can consider sales under a new strong drop to the area 118.57, and then - and new Lows (in the medium run).

Н4: confirm resistance at 119.94, where the day moving average and H4 upper Bollinger band are merging

Н1: from the middle Bollinger band (119.22)we waiting for the upward wave to 119.94

Expectations: So, we wait for growth to 119.94, from where we should sell to 118.57 and in the medium run - much lower (down to 116th figure).

solutions: 1) We are waiting with Sell limit orders from 119.94. 2) Intraday traders may try to avail from the upward movement from 119.33 to 119.94

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .