Premarket view on the Yen | 30 نوفمبر 2015
30 نوفمبر 2015, USD/JPY
Daily chart: the middle Bollinger band is keeping the bullish trend, so there is a probability of a further growth to the upper band (124.16). ADX parameters are weak, so this scenario is likely to be stretched for one day.
Н4: horizontal flat envelopes with weak ADX. We look forward to roll back to the bottom Bollinger band (122.34) and the continuation of Fat in the range 122.34-122.84
Н1: technical correction down. Support zone 122.59-122.65 is waiting for the pair. Resistance is located in the zone of the upper Bollinger band (122.92)
Expectations: roll back down to 122.59 and then rebound to 122.92. Trading solutions: purchase from 122.59 to 122.92
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.
