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

Support around 100.59-100.74 is possible

06 July 2016, USD/JPY

Daily chart: ADX is in the active trend phase, so we can not exclude that new Lows will be reached. Support is at 100.59 (the lower Bollinger band)

Н4: the price can roll back up to the middle band Bolllindzhera (102.19), but we can not put money on it: bears have an obvious advantage in the background of expressed expansion of envelopes.

Н1: at this local level, we do not see the trend potential, so support may be around 100.59-100.74 .

The main scenario - decline to 100.59-100.74 with an upward bounce in the direction of 101.02-101.37

The alternative scenario - decline to 100.00

Solutions: Sell to 100.59-100.74 and possibly to 100.00.

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 .