Support is at 117.18

12 January 2016, USD/JPY

Daily chart: active ADX. This may indicate a bull trap and another down movement to 117.18 (the bottom Bollinger band)

Support is at 117.18

Н4: Support is at 117.18, resistance is at 117.94 and 118.77

Support is at 117.18

Н1: weak ADX. Bears can try an attack the level of 117.94.

Support is at 117.18

Expectations: decline to 117.18 and then rebound to 117.80

Trading solutions: purchase from 117.18 to 117.80

Aleksey Panasenko
FreshForex Analyst
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