Two scenarios | 26 August 2015
26 August 2015, USD/JPY
The daily chart: a strong support zone, oversoldness, indside bar and a very active ADX - not an easy combination for interpretation.
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Н4: the ultimate depth of decline can be the Area 117.55 (Lower Bollinger Band), from where a roll back into a zone of to the middle band (121.00) is possible.
.png "Two scenarios")
Н1: the pair is locally squeezed between 118.71 and 120.44.
.png "Two scenarios")
Expectations:
1) Rebounce from 118.71 towards 120.44
2) With the breakdown below 118.71 - we are waiting for decline to 117.55. Solutions:
1) We act on the basis of one of the two scenarios.
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.
