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

Levels of support/resistance - 116.15/117.91

11 January 2016, USD/JPY

Daily chart: the pair is aimed towards support zone 116.15, where we apparently can look for signals of a significant correction - the last time this level has given 700 points of growth.

Levels of support/resistance - 116.15/117.91

Н4: convergence of oscillator - expressed attenuation of signal and possible correction. Resistance is from the middle Bollinger band (118.23)

Levels of support/resistance - 116.15/117.91

Н1: more localized resistance 117.91

Levels of support/resistance - 116.15/117.91

Expectations:

The main scenario - correction to 117.91 and then a new wave down to 116.15

The alternative scenario - test of 116.15 zone and only after that we expect a significant upward correction.

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.