An upward bounce from the zone 100.14-100.19 | 28 سبتمبر 2016

28 سبتمبر 2016, USD/JPY

Daily chart: psychological support around ​​100.00 (the lower Bollinger band) is stable. If bears do not start a new attack, it can drop the price eventually to the middle Bollinger band (101.99).

Н4: a little better shaped support around 100.14 forms a cluster 100.00-100.14 that, once again, is into the hands of buyers. ADX is correcting downward, so a breakthrough is not expected.

Н1: a local flat 100.19-100.68 is in its downward phase. We expect the price to fall to 100.19 and thena bounce up.

Expectations: a direct fall to 100.14-100.19 followed by an upward bounce towards 100.68

Solutions: considering purchase from 100.14-100.19 to 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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