A touch in 119.05 and decline? | 16 Diciembre 2016

16 Diciembre 2016, USD/JPY

Daily chart: upward correction is close. Upper envelope is broken, indicators are in their extremes and oscillator shows bearish divergence.

A touch in 119.05 and decline?

Н4: level of possible high is 119.02 (upper Bollinger band and round psychological level). From here the pair might start declining towards support levels 118.12 and 116.31.

A touch in 119.05 and decline?

Н1: flat horizontal corridor within Bollinger envelopes (117.77-118.55) also indicates that bulls are loosing their grounds.

A touch in 119.05 and decline?

Expectations:

Core scenario - flat 117.77-118.55

Alternative scenario - the last upward shift to 119.05 and later rapid downward correction.

Solutions:

1. Buy around 119.00

2. Cautious selling from around 119.05.

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.