Yen. Has This Day Come? | 25 November 2016
25 November 2016, USD/JPY
Daily chart: upper Bollinger band(1134.28) is a potential point of reversal. Trend needs a rollback badly and bullish profit-taking can cause it.
Н4: key support is near middle Bollinger band (111.94). This level will determine bulls' potential. In any case, the pair will not get higher than 114.28.
Н1: Local horizontal corridor within Bollinger envelopes (112.96-113.72)
Expectations:
Basic scenario - flat within 112.96-113.72
Alternative scenario - price might touch 114.28 and decline.
Trading solutions: sell from 114.28
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.
