Log in

Yen. 200 upward pips on correction

06 June 2016, USD/JPY

Daily chart: it is active phase of breakthrough bottom Bollinger Envelope with rising ADX presser. In this situation it is big possibility of tern to middle line (109.20), where most perspective medium-term down exits locate.

 Yen. 200 upward pips on correction.

Н4: high oversold but bearish impulse has potential.

 Yen. 200 upward pips on correction.

Н1: mark potential bottom it is 106.01 (bottom Bollinger Band and round level). Resistance is on 108.06 (middle Bollinger Band).

 Yen. 200 upward pips on correction.

Expectation: decrease to 106.01 and bounce up to 108.06

Trading decisions: buy from 106.01 to 108.06.

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.