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

Looking for the downward entry points

16 June 2016, USD/JPY

Daily chart: the pressure from ADX is still escalating, so far it can be treated only in favor of bears. Support is still at the bottom Bollinger band (105.46). Potential of correction is limited by the middle band (108.59), but betting on growth would be too reliant.

Looking for the downward entry points

Н4: the two better shaped resistance lines - 106.23 and 106.98 (middle and upper Bollinger bands)

Looking for the downward entry points

Н1: consolidated range 105.79-106.40

Looking for the downward entry points

The main scenario: flat 105.79-106.40

The alternative scenario: move under 105.46 and below

Trading solutions: sale from 106.40 to 105.79 and 105.46

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 .