manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Sell to 108.59

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
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .