Log in

Sell on a rollback to 112.12

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
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.