manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Anticipating correction in the area of 123.13

04 December 2015, USD/JPY

Daily chart: the pair continues to be squeezed within the trading range of Bollinger envelopes (122.04-123.64)

Anticipating correction in the area of 123.13

Н4: the bottom envelope is formally broken, but the pair has substantial support at 122.60. This may lead to a rollback to the zone 123.13 (middle Bollinger band)

Anticipating correction in the area of 123.13

Н1: the same situation. Many bars outside the envelope suggests possible weakening of bears and beginning of correction to 123.13.

Anticipating correction in the area of 123.13

Expectations: roll back to 123.13 Trading solutions: buy to 123.13 and waiting for signals down in the zone.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .