Psychological support 100.00 is at risk | 03 أغسطس 2016
03 أغسطس 2016, USD/JPY
Daily chart: the pair has predictably dropped to bottom Bollinger band, which in this case also lowered to 99.73. Thus, we can expect a breakthrough of psychological support 100.00.
Н4: the oscillator has not shown signs of convergence, so zone 100.13 is under load, despite the fact the pair is oversold
Н1: At the local level, the pair is in the horizontal corridor 100.54 - 101.68
The main scenario - fall to 100.13
The alternative scenario - flat 100.54-101.68
Trading solutions: sales to 100.13 and possibly to 99.73
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.
