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We should sell from around 117.49

18 January 2016, USD/JPY

Daily chart: the pair still focuses on 116.15, from where significant upward correction could begin.

We should sell from around 117.49

Н4: bullish convergence and horizontal envelopes are the signs of weakened pressure of sellers.

We should sell from around 117.49

Н1: the pair is clamped between 116.69 and 117.49. We expect touch of the upper wall of the range and sell to the bottom.

We should sell from around 117.49

Expectations: touch of 117.49 and then decline to 116.69

Trading solutions: sale from 117.49 to 116.69

Aleksey Panasenko
FreshForex Analyst
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