Sell on a rollback to 112.12 | 04 April 2016

04 April 2016, USD/JPY

Daily chart: the pair is coming to the (yet) stable support - the bottom Bollinger band (111.41). ADX is passive, so our basic expectation is an upward bounce.

Н4: here, as we see, everything is not so obvious - bears have a rather good trend shape, so 111.41-111.58 area may be under a significant pressure.

Н1: local resistance is around 112.12 (the middle Bollinger band), from where you can try to sell to 111.41 and below.

Expectations: a rollback to 112.12 and then finalization of the downward movement to 111.41

Trading solutions: sell from 112.12 to 111.41

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus