Corrective potential may be limited | 12 نوفمبر 2015
12 نوفمبر 2015, USD/JPY
The daily chart: space for possible correction is rather large (up to the middle Bollinger band, 120.50), but it is a big question if bears can take this opportunity
Н4: strong local support at the bottom Bollinger band (122.40). Bounce from it towards 123.73 is very likely.
Н1: one of the options - flat, with the support of the bottom Bollinger band (122.76) and resistance at the upper band (123.15).
Expectations: The main scenario - decline to 122.40 and surge to 123.70 The alternative scenario - flat 122.76-123.15
Solutions:
1) Buy from 122.40 to 123.70
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.
