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

Rebound from the zone 120.38-120.52 is expected

23 December 2015, USD/JPY

Daily chart: the pair tends to continue decline, but at the same time, we have constraints which is conveyed by weak ADX. Key support - 120.52 (bottom Bollinger Band)

Rebound from the zone 120.38-120.52 is expected

Н4: we confirm 120.38-120.52 support zone. The resistance is 121.51.

Rebound from the zone 120.38-120.52 is expected

Н1: meanwhile the chart is within the flat range 120.83-121.25, but ADX is close to an active zone, so I would consider antry points only along edges of the range 120.38-121.51.

Rebound from the zone 120.38-120.52 is expected

Expectations: decline to the zone 120.38-120.52 and then an upward pullback to 121.25 and possibly, 121.51.

Trading solutions: 1) Buy from the zone 120.38-120.52 to 121.25 2) Sales from 121.51 to 120.52

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 .