Premarket view on the Yen | 31 August 2015
31 August 2015, USD/JPY
The daily chart: a technical correction to the area of the middle Bollinger band (123.16) and visually evident there is no reason, why ,bulls have not finished this goal. Resistance 123.16 is strong and allows you to open sales.
.png "Premarket view on the Yen")
Н4: trending pressure ADX also indicates the probability of achieving 123.16.
.png "Premarket view on the Yen")
Н1: trend's frame. Just north.
.png "Premarket view on the Yen")
Expectations: rise to 123.16 and bounce down.
solutions:
1) Purchases to 123.16
2) Sales from 123.16 intraday (carefully).
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.
