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Sandwiched between 123.04 and 123.51

03 December 2015, USD/JPY

Daily chart: the pair is clamped within the upper Bollinger envelope (122.83-123.80)


Sandwiched between 123.04 and 123.51

Н4: localized support at the middle Bollinger band (123.04). Resistance - 123.43

Sandwiched between 123.04 and 123.51

Н1: the same picture. 123.04-123.19 support zone, a zone of resistance 123.43-123.51

Sandwiched between 123.04 and 123.51

Expectations: touch of 123.04-123.19 and bounce up to 123.43-123.51.

Trading solutions: purchase from 123.04 to 123.51

Aleksey Panasenko
FreshForex Analyst
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