Log in

An upward impulse is possible

28 January 2016, USD/JPY

Daily chart: the pair is aimed to the upper Bollinger band (120.45), which will be met by strong resistance (considering descending upper line and passive ADX)

An upward impulse is possible

Н4: we also note weak ADX, so bulls may have a hindrance on their way represented by 118.96 (the upper Bollinger band).

An upward impulse is possible

Н1: we confirm an intraday resistance 118.96. Upon that, we can see a triangular consolidation, which can lead to an upward impulse to 120-th figure.

An upward impulse is possible

Expectations: flat 118.60-118.96

Trading solutions: We shall buy on return to 118.60 zone to 120.45 (extraday)

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.