USDJPY – Down
Daily chart: ADX is very close to the active trend area, so the basic expectation is surge to the upper band (111.80)
Н4: also an active phase of ADX, so it is unlikely that bulls will be prevented from holding the resistance zone 110.55 (the upper Bollinger band)
Н1: a technical correction to the middle and possibly the lower Bollinger bands (109.90 and 109.50, respectively). From one of these bands buyers are expected to run an attack again.
Expectations: now, we are waiting for finalization of correction at 109.90 and possibly 109.50, then the price will move to 111.50
Trading solutions: buy around 109.50 and 109.90. The goal is 111.50
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
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