Premarket view on the Yen | 23 November 2015
23 November 2015, USD/JPY
Daily chart: the key area of support - the middle Bollinger band (122.10, red arrow). Bulls will have a chance to finalize the upper band (124.13), and bears - to turn the price down so that it would reache the bottom band (119.90, black arrow).
Н4: weak ADX, we are waiting for fluctuations in the lower part of the envelope (122.35-123.14)
Н1: narrow flat range 122.72-122.96
Expectations: The main scenario - flat 122.72-122.96. The alternative script scenario - a more extended flat.
Solutions: Buy from the area 122.35 to 123.14 and possibly to 124.13
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.
