Premarket view on the Yen
30 November 2015, USD/JPY
Daily chart: the middle Bollinger band is keeping the bullish trend, so there is a probability of a further growth to the upper band (124.16). ADX parameters are weak, so this scenario is likely to be stretched for one day.
Н4: horizontal flat envelopes with weak ADX. We look forward to roll back to the bottom Bollinger band (122.34) and the continuation of Fat in the range 122.34-122.84
Н1: technical correction down. Support zone 122.59-122.65 is waiting for the pair. Resistance is located in the zone of the upper Bollinger band (122.92)
Expectations: roll back down to 122.59 and then rebound to 122.92. Trading solutions: purchase from 122.59 to 122.92
Aleksey PanasenkoAnalyst of «FreshForex» company
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