Small trading ranges | 02 December 2015
02 December 2015, USD/JPY
Daily chart: the bullish front has got noticeably weaker, so we expect a good drop from zone of the upper Bollinger band (123.90)
Н4: local resistance - 123.25 support - 122.94.
Н1: two strong resistance lines, which can not let the pair get upper. It is 122.94 and 123.19. Intraday support - 122.71.
Expectations: drop to the area of 122.71 after touch of 122.94 (or 123.19). The ranges are small, entries into trades can be justified only in the second (higher) point.
Trading solutions: Sell to 122.71 in the case of touch of 123.19 zone
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.
