18 January 2016, USD/JPY
Daily chart: the pair still focuses on 116.15, from where significant upward correction could begin.
Н4: bullish convergence and horizontal envelopes are the signs of weakened pressure of sellers.
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.
Expectations: touch of 117.49 and then decline to 116.69
Trading solutions: sale from 117.49 to 116.69
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