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