We expected a sluggish day | 20 اكتوبر 2015

20 اكتوبر 2015, USD/JPY

The daily chart: the pair is still correcting upwards and now the main issue is the ability of resistance around 119.85 (middle Bollinger Band) to turn this pullback to continue the medium term decline of the pair.

Н4: the price is in the top Bollinger envelope between support 119.13 and resistance 119.85

Н1: we assume that intraday the pair will not be able to get out of the flat status fluctuating between 119.24 and 119.58

Expectations: flat 119.24-119.58

solutions: Do not trade

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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