29 October 2015, USD/JPY
The daily chart: ADX has not reached trend value, so the expected breakthrough up can be delayed in time. Also, a further rollback to the middle Bollinger band (120.12) becomes possible
Н4:strong resistance in the zone of 121.43, but the last bar seems to be categorical.
Н1: breakout of the upper Bollinger envelope. The price is corrected to the area of the middle band (120.58)
Expectations:a pullback to 120.58, and start up to 121.43
1) Purchases from 120.58 to 121.43
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