manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Local bearish trend

29 February 2016, USD/JPY

Daily chart: pair is lead to bottom Bollinger line (109.50) in medium-term

Local bearish trend

Н4: local support is on 112.59 (middle Bollinger line), this level could throw pair to the direction of upper Bollinger line (114.17)

Local bearish trend

Н1: support is on 112.59, resistance is 113.43. ADX is active, so down break throw is possible.

Local bearish trend

Expectation: decrease to 112.59 level and then probably it would be break throw of this support and further decreasing.

Trading decisions: sell to 112.59 and 112.00

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.