Ascending flat

03 November 2015, USD/JPY

Daily chart: the middle Bollinger band (120.24) has noticeably restrained bears. The pair is oriented to the upper band (121.56). But ADX parameters are very weak, so it is possible that flat will be throughout the whole day.

Н4: local resistance 121.20.

Н1: support is at 120.58 (middle Bollinger Band). ADX parameters are active, so we can expect a rebound from the above-mentioned zone and rise towards 121.20 and 121.56.

Expectations: touch of zone 120.58 and rise to 121.56


1) Buy from 120.58 to 121.56

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
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 .
manager photo manager photo
We will be pleased to answer any questions you may have


Get bonus