Perhaps, rebound from the level of 122.66 | 20 November 2015
20 November 2015, USD/JPY
Daily chart: Still Northern orientation of the pair. Support is at the middle Bollinger band (122.10), possible target - 124.16 (the upper band)
Н4: bearish divergence of oscillator, therefore, after touch of the upper Bollinger band zone (123.67) we can expect decline to 122.10. It is unlikely that this will happen in one day, because ADX parameters are very weak.
Н1: intraday support levels and resistance 122.66 \ 123.05
Expectations: touch 122.66 and an upward rebound to 123.05
solutions: purchase from 122.66 to 123.05
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.
