USDJPY – DownDaily chart: the scenario with upward correction toward the middle Bollinger band (104.04) has been justified. Н4: a local upward trend. We are waiting for correction to the middle Bollinger band (101.64), and then buy expecting finalization of 104.04 Н1: support is at 102.31, resistance is at 102.69. As you can see, bulls are not willing to see the price around 101.64, because a bearish reversal pattern Over&Under will be formed. A strong support around the bottom band (101.91) (at the same time, it is a psychological level 102.00) plays in hand of buyers. The main scenario – touch of 102.31 followed by a surge towards 104.04 The alternative scenario – fall to 101.91 Solutions: We should look for upward entry points around 102.31 and 101.91
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
