Log in

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)

Small trading ranges

Н4: local resistance - 123.25 support - 122.94.

Small trading ranges

Н1: two strong resistance lines, which can not let the pair get upper. It is 122.94 and 123.19. Intraday support - 122.71.

Small trading ranges

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 Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.