FreshForex - Analytics

    FreshForex

    644.75 7.75/10
    65% of positive reviews
    Real

    Premarket view on the Yen

    Daily chart: depth of potential downward correction is limited to the middle Bollinger band (121.17).

     ".

    Н4: local support at 122.55 (the middle Bollinger band) under exposure, but ADX perameters are not enough active for a breakthrough. Horizontal flat 122.55-123.24 is possible.

     .

    Н1: note the presence of bullish setup O&U from the support 122.48. However, very active ADX against buyers.

    Expectations: The main scenario - a rebound from the zone 122.48-122.55 and rising to 123.24. Alternative - a breakthrough at 122.30 and further decline towards 121.17. Trading solutions: 1)Buy from the zone 122.48-122.55 to 123.24. 2) Sales aimed at breakdown of 122.30


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree