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

Southern dynamics

17 June 2016, USD/JPY

Daily chart: a very active ADX is likely to ingore some oversoldness, which will cause a deeper drop to 102.50

Н4: a similar picture: technical analysis predicts correction, but talking about it is too early, because the ADX is pressing and there are no signs of weakening. A potential "ceiling" of correction is the middle Bollinger band (105.64)

Н1: consolidation within the bottom envelope (103.30-104.44)

The main scenario: decline to 103.30 and then an upward bounce The alternative scenario: a deeper decline towards 102.50

Trading solutions: sale to 103.30 and 102.50

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.