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Looking for the upward entry points around 121.00

16 December 2015, USD/JPY

Daily chart: The scenarios with a continued upward pullback to the middle Bollinger (122.50) band and drop to the bottom band (120.96) are equally probable

Looking for the upward entry points around 121.00

Н4: the pair entered into the horizontal corridor 120.46-122.12.

Looking for the upward entry points around 121.00

Н1: significant support zone 120.96-121.25. As we see, from there the price can test the upper Bollinger band (122.00)

Looking for the upward entry points around 121.00

Expectations: a downward roll back to the zone 120.96-121.25 and then rise to 122.00.

Trading solutions: Buy when we get long signals around 120.96-121.25 to the target 122.00

Aleksey Panasenko
FreshForex Analyst
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