The price continues to accumulate potential | 08 Octubre 2015

08 Octubre 2015, USD/JPY

The daily chart: the pair continues to consolidate before the impulse. Based on the ADX/RSI figures, impulse is unlikely to happen today. Range of trading is painted by the yellow zone (Bollinger envelopes, 119.65-120.77

The price continues to accumulate potential

Н4: local support at the lower Bollinger band (119.54)

The price continues to accumulate potential

Н1: the pair is the resistance from the middle Bollinger band (120.02), so it may continue to drop to 119.65-119.80

The price continues to accumulate potential

Expectations: flat in the range 119.65-120.02

solutions: No trading in that the flat (or buy from below based on the northern distribution)


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
Analista de la empresa" FreshForex
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