Correction on the background of convergence of RSI | 06 January 2016
06 January 2016, USD/JPY
Daily chart: trending bearish pressure from ADX.
Н4: we notice bullish convergence of the oscillator and support in the area of 118.25. The price can get corrected upwards in the direction of the middle Bollinger band (118.89, 119.57).
Н1: also well-expressed expressed bullish convergence of the oscillator. We expect rebound from the zone 118.25-118.47
Expectations: touch of the zone 118.25-118.47 and then rebound to 118.89
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.
