Perhaps, a sharp fall in the event of withdrawal under 122.35

25 November 2015, USD/JPY

Daily chart: the pair came close to the middle Bollinger band (122.23), and from there there are only two ways: the bottom band (120.27) or to the top band (124.27). Meanwhile the scenario can be considered equally probable.

Н4: a strong area of ​​support at 122.35 and very aggressive ADX. This attitude can be related to both fronts, so you need to be careful. Bearish scenario will be significantly activated by the support of 122.35 (red arrow). As part of the bullish scenario rise to 123.25 would be possible

Н1: lingering convergence of oscillator can talk about weakening of the downward pressure. Within the day trading is possible within the envelope Bollinger (122.35-122.79).

Expectations: 1) Nervous flat 122.35-122.79. 2) If the price gets under 122.35 - a sharp fall towards 120.27

Trade solutions: 1) Sell on ​​breakdown of 122.35 to 120.27 2) Sell on growth to 122.79

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