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Premarket view on the yen

14 December 2015, USD/JPY

Daily chart: the pair is approaching 120.40 support area on growing parameters of ADX. Therefore, in case of breakdown of 120.40, it will be possible to wait for a further fall to 118.68.

Premarket view on the yen

Н4: against the backdrop of bullish convergence the price can take an upward correction toward the middle Bollinger band (121.97)

Premarket view on the yen

Н1: more localized resistance from the middle Bollinger band (121.48)

Premarket view on the yen

Expectations: growth to 121.48 and then decline to 120.00

Trading solutions: sale from 121.48 to 120.00

Aleksey Panasenko
Analyst of «FreshForex» company
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