Main >
Analytics
>
Fresh forecast
>
Forex Technical Analysis: Trend potential
>
Sell to 108.59

Sell to 108.59 | 14 April 2016

14 April 2016, USD/JPY

Daily chart: a continued technical upward correction towards the middle Bollinger band (111.02). This area will be very beneficial for opening short trades, because it is also a psychological level. The overall goal of the mid-term drop remains to be 107.57 (the bottom Bollinger band)

Н4:very active ADX favors of bulls now. Local levels of support and resistance - 108.59 and 109.67 (the middle/upper Bollinger Band).

Н1: here we have expressed signs of weakened bull front - bearish divergence of oscillator. The pair is sandwiched between 109.10 and 109.48, and, if these levels turn to be weak, it may fall to 108.59.

Expectations: touch of 109.48 and drop to 109.10 and then to 108.59

Trading solutions: sell from 109.48 to 108.59.

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Login

Show password

Hide password

 Forgot password?
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 .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.
Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.