Small trading ranges
02 December 2015, USD/JPY
Daily chart: the bullish front has got noticeably weaker, so we expect a good drop from zone of the upper Bollinger band (123.90)
Н4: local resistance - 123.25 support - 122.94.
Н1: two strong resistance lines, which can not let the pair get upper. It is 122.94 and 123.19. Intraday support - 122.71.
Expectations: drop to the area of 122.71 after touch of 122.94 (or 123.19). The ranges are small, entries into trades can be justified only in the second (higher) point.
Trading solutions: Sell to 122.71 in the case of touch of 123.19 zone
Aleksey PanasenkoAnalyst of «FreshForex» company
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