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

Premarket view on the Yen

26 October 2015, USD/JPY

The daily chart: an aggressively broken upper envelope Bollinger and we can expect beginning of a strong growth (up to 125.05) after correction to the middle band (120.00)

Н4: more localized support lies at 120.24 (middle Bollinger band)

Н1: one more argument for the downward correction - bearish divergence of oscillator. There is support at 120.91. Resistance 121.57 allows you to sell to roll back.

Expectations: So, we either wait for a rollback to one of two areas - 120.91 or 120.24, where we will look for entry signals to try to take a medium-term movement towards 125.05

solutions: 1) We are waiting for a signal to buy in areas of 120.91 and 120.24. 2) Intraday you can try to take a roll back down selling from 121.57 to the one of the areas pointed in the first scenario.

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.