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

Corrective potential may be limited

12 November 2015, USD/JPY

The daily chart: space for possible correction is rather large (up to the middle Bollinger band, 120.50), but it is a big question if bears can take this opportunity

Н4: strong local support at the bottom Bollinger band (122.40). Bounce from it towards 123.73 is very likely.

Н1: one of the options - flat, with the support of the bottom Bollinger band (122.76) and resistance at the upper band (123.15).

Expectations: The main scenario - decline to 122.40 and surge to 123.70 The alternative scenario - flat 122.76-123.15

Solutions:

1) Buy from 122.40 to 123.70

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 .