Purchases from the zone of 119.61 | 14 اكتوبر 2015

14 اكتوبر 2015, USD/JPY

The daily chart: Bollinger envelopes are still stable, but we see that ADX awakens, this can lead to start of the long-awaited distribution after a prolonged accumulation.

Н4: support from the bottom Bollinger band (119.58) still holds the price, so there is a likelihood of move to the upper band (120.36).

Н1: local bullish O&U, which allows you to rely on purchase from 119.61.

Expectations: So, we wait for a decline to the area of 119.61, where intensive movement up to 120.30 occurs and possibly to 121.00

solutions: We buy from zone 119.61 to 120.30 and 121.00

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.

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Aleksey Panasenko

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