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Meanwhile, we do not consider sales

Meanwhile, we do not consider sales | 27 October 2015

27 October 2015, USD/JPY

The daily chart: active ADX may not allow bears to drag correction to the middle Bollinger band (120.01). It is possible that bulls have potential to move the price higher from current levels.

Н4: local support at the middle Bollinger band (120.60), the resistance of 121.68 (the upper band).

Н1: a local trading within the flat 120.84-121.19 is possible

Expectations: 1) The main scenario - flat 120.84-121.19. 2) The alternative scenario - touch of 120.60 and growth to 212.68

solutions: Sales are excluded. We are looking to buy around 120.60 and 121.84

Aleksey Panasenko
FreshForex Analyst
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