Premarket view on the yen | 07 December 2015
07 December 2015, USD/JPY
Daily chart: outcome is obviously close. The pair is heavily jammed inside the envelope (122.04-123.64), Friday closed inside bar. ADX leaves room for maneuver to continue
Н4: 100-points' flat corridor 122.50-123.59
Н1: intraday range 122.90-123.31.
Expectations: touch of 122.90 zone and rebound to 123.31 and possibly, 123.59.
Solutions: purchase from 122.90 to 123.31 and 123.59
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.
