Premarket view on the Yen | 16 نوفمبر 2015
16 نوفمبر 2015, USD/JPY
Daily chart: depth of potential downward correction is limited to the middle Bollinger band (121.17).
Н4: local support at 122.55 (the middle Bollinger band) under exposure, but ADX perameters are not enough active for a breakthrough. Horizontal flat 122.55-123.24 is possible.
Н1: note the presence of bullish setup O&U from the support 122.48. However, very active ADX against buyers.
Expectations: The main scenario - a rebound from the zone 122.48-122.55 and rising to 123.24. Alternative - a breakthrough at 122.30 and further decline towards 121.17. Trading solutions: 1)Buy from the zone 122.48-122.55 to 123.24. 2) Sales aimed at breakdown of 122.30
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.
