A possible workout of psychological level 100.00 | 10 August 2016
10 August 2016, USD/JPY
Daily chart: the pair is in the broad flat 100.01 - 107.85 and is already very close to the most strongest mark 100.00 in term of psychology. There is a high probability that at this price USD will be bought back.
Н4: a better shaped levels of support and resistance, respectively - 100.89/102.84
Н1: a local resistance from the middle Bollinger band (101.78), from where bears may try to finalize 100.89 and 100.00
Expectations: rise to 101.78 and then fall towards 100.89 and possibly to 100.00
Solutions: sales from 101.78 to 100.89 and 100.00.
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.
