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Premarket view on the yen

04 January 2016, USD/JPY

Daily chart: there is some focus on the bottom Bollinger band (119.59)

Premarket view on the yen

Н4: accumulation of potential within the horizontal band 120.27-120.59 with a noticeable Southern preparation.

Premarket view on the yen

Н1: southern rounding of the envelopes. Maybe some trading will be in the range of 120.27-120.43, the pair can fall into the 119-th figure

Premarket view on the yen

Expectations: drop to 119-th figure.

Trading solutions: sales from 120.43 to 119.59

Aleksey Panasenko
FreshForex Analyst
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