Premarket view on the yen
07 December 2015, USD/JPY
Daily chart: outcome is obviously close. The pair is heavily jammed inside the envelope (122.04-123.64), Friday closed inside bar. ADX leaves room for maneuver to continue
Н4: 100-points' flat corridor 122.50-123.59
Н1: intraday range 122.90-123.31.
Expectations: touch of 122.90 zone and rebound to 123.31 and possibly, 123.59.
Solutions: purchase from 122.90 to 123.31 and 123.59
Aleksey PanasenkoAnalyst of «FreshForex» company
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