1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

The Daily Forecaster: USDJPY

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 19, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Joined:
    Dec 24, 2007
    Messages:
    2,465
    Likes Received:
    0
    Losses were more restricted than I had expected and this seem to imply a short period of correction. If we see a break below 91.04 then we should visit the 90.62-80 area at least. It may even be slightly deeper but probably remain above yesterday's 90.31 low. Therefore, I feel...

    complete article here...
     
  2. Fxtrader88

    Fxtrader88 New Member

    Joined:
    Nov 24, 2015
    Messages:
    81
    Likes Received:
    2
    Gender:
    Male
    Location:
    Latvia
    [​IMG]

    Daily chart: the middle Bollinger band is keeping the bullish trend, so there is a probability of a further growth to the upper band (124.16). ADX parameters are weak, so this scenario is likely to be stretched for one day. Expectations: roll back down to 122.59 and then rebound to 122.92. Trading solutions: purchase from 122.59 to 122.92
     
Loading...

Share This Page