Bull front is weaker, but the price can make another surge | 24 نوفمبر 2015
24 نوفمبر 2015, USD/JPY
Daily chart: yesterday bulls got weaker and closed the day by pin. However, as long as support from the middle Bollinger band (122.23) sustains, there will remain a threat of a new attack up to 124.27 (upper band). In the case of breakdown at 122.23, a heavy decline towards 120.13 (the bottom Bollinger band) will be possible.
Н4: flat status of both Bollinger envelopes and ADX, so there is a possibility of trade in the range 122.53- 123.05
Н1: active ADX, support is 122.74, the price may turn to 123.35
Expectations: growth to 123.35 is very likely. Alternative option - drop to 122.23.
Solutions: buy to 123.35
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.
