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

Sales to 108.12

19 April 2016, USD/JPY

Daily chart: Bears were unable to bring the pair to bottom Bollinger band and now touch of midline (110.70) looks realistic, from where the price can start a medium-term decline towards 107.02

Н4: the pair is in the bottom envelope (range 108.12-108.99). If the price hits the upper envelope, we will expect movement of the upper band (109.92).

Н1: a horizontal flat corridor within the Bollinger envelopes (107.69-108.99). Whereas ADX is passive, we expect a fall to the bottom wall of the corridor.

Expectations: drop from current levels towards 108.12 and possibly to 107.69

Trading solutions: sale to 108.12 and 107.69

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 .