Premarket view on the yen | 14 December 2015

14 December 2015, USD/JPY

Daily chart: the pair is approaching 120.40 support area on growing parameters of ADX. Therefore, in case of breakdown of 120.40, it will be possible to wait for a further fall to 118.68.

Premarket view on the yen

Н4: against the backdrop of bullish convergence the price can take an upward correction toward the middle Bollinger band (121.97)

Premarket view on the yen

Н1: more localized resistance from the middle Bollinger band (121.48)

Premarket view on the yen

Expectations: growth to 121.48 and then decline to 120.00

Trading solutions: sale from 121.48 to 120.00

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.

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Aleksey Panasenko

FreshForex Analyst

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