manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

We expected a sluggish day

20 October 2015, USD/JPY

The daily chart: the pair is still correcting upwards and now the main issue is the ability of resistance around 119.85 (middle Bollinger Band) to turn this pullback to continue the medium term decline of the pair.

Н4: the price is in the top Bollinger envelope between support 119.13 and resistance 119.85

Н1: we assume that intraday the pair will not be able to get out of the flat status fluctuating between 119.24 and 119.58

Expectations: flat 119.24-119.58

solutions: Do not trade

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