Sales from around 102.94 - 103.32 | 07 سبتمبر 2016

07 سبتمبر 2016, USD/JPY

Daily chart: a rollback to the middle Bollinger band (101.51), which has been almost finalized. An upward start from the mentioned zone is likely. But a well-expressed bearish momentum on the price chart that at least makes other scenario equally probable.

Sales from around 102.94 - 103.32

Н4: and here is a bearish pattern (breakthrough of the bottom Bollinger envelope). Typically, these setups are processed through a pre-roll back to the middle band (103.32), where at the moment is the best possible area for sales.

Sales from around 102.94 - 103.32

Н1: a better shaped resistance level 102.94 (middle Bollinger band). Support is at 101.51 (bottom band)

Sales from around 102.94 - 103.32

Expectations: now we are waiting for an upward rollback to 102.94 - 103.32, from where traffic will pass down to 101.51

Solutions: we are waiting for an additional Sell signal around ​​102.94 - 103.32. The goal is 101.51.


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.
Aleksey Panasenko
محلل شركة FreshForex
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