Purchases from 120.58 | 29 October 2015
29 October 2015, USD/JPY
The daily chart: ADX has not reached trend value, so the expected breakthrough up can be delayed in time. Also, a further rollback to the middle Bollinger band (120.12) becomes possible
.png "Purchases from 120.58")
Н4:strong resistance in the zone of 121.43, but the last bar seems to be categorical.
.png "Purchases from 120.58")
Н1: breakout of the upper Bollinger envelope. The price is corrected to the area of the middle band (120.58)
.png "Purchases from 120.58")
Expectations:a pullback to 120.58, and start up to 121.43
Trading solutions:
1) Purchases from 120.58 to 121.43
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.
