Yen. Has This Day Come?
25 November 2016, USD/JPY
Daily chart: upper Bollinger band(1134.28) is a potential point of reversal. Trend needs a rollback badly and bullish profit-taking can cause it.
Н4: key support is near middle Bollinger band (111.94). This level will determine bulls' potential. In any case, the pair will not get higher than 114.28.
Н1: Local horizontal corridor within Bollinger envelopes (112.96-113.72)
Basic scenario - flat within 112.96-113.72
Alternative scenario - price might touch 114.28 and decline.
Trading solutions: sell from 114.28
Aleksey PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us