Decline to 101.84 is expected | 21 سبتمبر 2016

21 سبتمبر 2016, USD/JPY

Daily chart: Bollinger bands are getting much narrower and there were the first impulse price movement inside the range of envelopes (100.31-104.11). ADX is weak and does not show an initiative, therefore, despite the serious bullish momentum, we still expect multidirectional vibrations around the middle Bollinger band (102.00)

Н4: news" stick" broke through the upper envelope, but to ADX does not have a trend component. Therefore, we are waiting for a return to the middle Bollinger band (102.01)

Н1: some bars outside Bollinger envelopes and also very weak ADX. The middle Bollinger band is slightly lower (101.84) and it will be direction for the next few hours

Expectations: fall to 101.84

Solutions: Sell to 101.84


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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