manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Yen. The bullish trend, but with local difficulties

28 October 2016, USD/JPY

Daily chart: there is a bullish trend here, and also active ADX, so buyers can reached not only upper Bollinger band, but even next target - 106.74.


H4: there is overbought, but the oscillator has not shown signs of divergence yet, so we expect upwards moving. ADX is very active.


H1: locally pair has difficulty with the potential, so we can expect a stop inside the top of the Bollinger envelope (105.11-105.54)


Expectations: The main scenario - move to 105.74 Alternative scenario - the rollback from 105.54 zone to 105.11 zone.

Trading solutions: So, looking for buy signals to 105.74 and 106.74, but keep in mind the possible alternative scenario.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .