Log in

Sell from 111.49

30 May 2016, USD/JPY

Daily chart: the pair is very close to trend impulse distribution. Such a scenario will be activated immediately after break of resistance 111.49 (upper Bollinger band) - ADX is very aggressive

Sell from 111.49

Н4: many bars outside of the envelope - a correctional karma. We are waiting for a downward rebound off resistance 111.49 and delay of the upward movement till tomorrow. Support is at 110.33 area (middle Bollinger band).

Sell from 111.49

Н1: we confirm resistance in the zone of 111.49 (the upper Bollinger band) and drop as the main scenario

Sell from 111.49

Expectations: So, we are waiting for finalization of the area 111.49 and then fall to 110.32 .

Trading solutions: sell from 111.49 to 110.32

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.