Forex Technical Analysis: Trend potential – Yen. Has This Day Come?

USDJPY – Down

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.

Yen. Has This Day Come?

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.

Yen. Has This Day Come?

Н1: Local horizontal corridor within Bollinger envelopes (112.96-113.72)

Yen. Has This Day Come?

Expectations:

Basic scenario – flat within 112.96-113.72

Alternative scenario – price might touch 114.28 and decline.

Trading solutions: sell from 114.28

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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