manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Sell from 109.85 to 108.83

02 June 2016, USD/JPY

Daily chart: support area from the middle Bollinger band (109.33) has been refined and now the price will either move up to 111.43 (the upper Bollinger band) or touch the lower band (107.04). In view of significant "load" of the bottom line, the northern scenario prevails.

Sell from 109.85 to 108.83

Н4: as we can see, on the local level support 109.33 does not look so reliable. Resistance 110.48 (middle Bollinger band) can cause the southern impulse again.

Н1: a better shaped resistance zone of 109.85 (middle Bollinger band). Support is located at 108.83 (lower band)

Expectations: touch of area 109.85 and then fall to 108.83

Trading solutions: sale from 109.85 to 108.83

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .