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Sell from 109.85 to 108.83

Sell from 109.85 to 108.83 | 02 June 2016

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
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