Premarket view on the Yen | 28 سبتمبر 2015
28 سبتمبر 2015, USD/JPY
The daily chart: ADX turned away from growth, so we can expect strong resistance at the upper Bollinger band (121.50). It can return back to the lower band (119.09)
.png "Premarket view on the Yen")
Н4: the price has also worked out the upper Bollinger band (120.93), so we may not see 121.50. Support is also more localized - 119.43 (Lower Bollinger Band).
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Н1: more localized Support at 120.02. You can also see a bearish O&U on the younger frames from 121.00
.png "Premarket view on the Yen.")
Expectations: So, we're waiting for a fall to 120.02 after a preliminary pullback to 121.00
solutions: We sell from 121.00 to 120.02
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
