Support for purchases - 100.68 | 23 سبتمبر 2016

23 سبتمبر 2016, USD/JPY

Daily chart: as we expected, the price has bounce off the lower Bollinger band (100.26) upward. ADX is rising, so bulls have a chance to consolidate their success, even more so that the space for movement up to 104.00 (the upper Bollinger band) is open.

Support for purchases - 100.68

Н4: Here, in turn, there is very weak ADX, so resistance lines are 101.26, 102.08, 102.60. Support lines are 100.68, 100.26, 99.96.

Support for purchases - 100.68

Н1: yet weak, but rising ADX can lead to a breakthrough of the upper envelope (101.02) and release of the price to the 102-th figure. Support is at the level of 100.68 (middle Bollinger band), from where we can buy on a downward rollback.

Support for purchases - 100.68

Expectations: now, we are waiting for growth to 102.08, but with the possible delay because of a rollback to 100.68

Solutions: look for buying options (the best possible way: around 100.68)


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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