Log in

A possible workout of psychological level 100.00

10 August 2016, USD/JPY

Daily chart: the pair is in the broad flat 100.01 - 107.85 and is already very close to the most strongest mark 100.00 in term of psychology. There is a high probability that at this price USD will be bought back.

Н4: a better shaped levels of support and resistance, respectively - 100.89/102.84

Н1: a local resistance from the middle Bollinger band (101.78), from where bears may try to finalize 100.89 and 100.00

Expectations: rise to 101.78 and then fall towards 100.89 and possibly to 100.00

Solutions: sales from 101.78 to 100.89 and 100.00.

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.