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

Premarket view on the Yen

02 November 2015, USD/JPY

The daily chart: a continued flat in the framework of the Bollinger envelope (118.83-121.50). The pair closed the week by flat sharply around at the middle band (120.12), so moves to the top or bottom wall of the channel are equally probable.

Н4: here support is 120.12 looks reliable - horizontal envelopes, ADX is weak. The range is 120.12-121.20

Н1:more localized levels of support and resistance - 120.30-120.74 (the bottom Bollinger envelope)

Expectations: decline to the zone 120.12-120.30 and then rebound towards 120.74 and possibly to 121.20

solutions: buy from the zone 120.12-120.30 and 120.74 to 121.20

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 .