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