Strong resistance around 120.30 and 120.61 | 13 Oktober 2015
13 Oktober 2015, USD/JPY
The daily chart: the price still holds a flat range within Bollinger envelopes (119.65-120.61).
.png "Strong resistance around 120.30 and 120.61")
Н4: active local ADX, so you can expect an attack to the resistance levels 120.30 and 120.61
.png "Strong resistance around 120.30 and 120.61")
Н1: Here, we can see there is no such strong support from ADX, so probably around 120.25-120.30 bulls will have difficulties.
.png "Strong resistance around 120.30 and 120.61")
Expectations: rise to 120.30 (perhaps - to 120.61 ), then a rollback down to 120.00
solutions: Purchases to 120.30 and 120.61
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.
