Key support is 109.72 | 20 May 2016

20 May 2016, USD/JPY

Daily chart: ADX is very close to the trendline area, so there is a high probability of further growth to the upper Bollinger line (111.97)

Н4: here, in turn, ADX parameters are in a very weak area, so, apparently, the growth scenario within the day frame is delayed till the next week. Local resistance - 119.44 (upper Bollinger band). Support is at 109.40 (middle band).

Н1: a little better shaped support lies at 109.72 (the lower Bollinger band). I would call ADX "suspicious" - on a breakthrough under 109.72 the price may decline to 109.00 (the red arrow).

Expectations: The main scenario - touch of 109.72 zone and then surge to 110.27-110.44

The alternative scenario - decline to 109.00 (upon a breakthrough under 109.72)

Trading solutions: 1 Buy from 109.72 to 110.27-110.44

2. On a breakdown under 109.72 Sell to 109.00

Aleksey Panasenko
Analista de la empresa" FreshForex
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.