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

An upward bounce from the zone 100.14-100.19

28 September 2016, USD/JPY

Daily chart: psychological support around ​​100.00 (the lower Bollinger band) is stable. If bears do not start a new attack, it can drop the price eventually to the middle Bollinger band (101.99).

Н4: a little better shaped support around 100.14 forms a cluster 100.00-100.14 that, once again, is into the hands of buyers. ADX is correcting downward, so a breakthrough is not expected.

Н1: a local flat 100.19-100.68 is in its downward phase. We expect the price to fall to 100.19 and thena bounce up.

Expectations: a direct fall to 100.14-100.19 followed by an upward bounce towards 100.68

Solutions: considering purchase from 100.14-100.19 to 100.68

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 .