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Buy from the zone of 117.47 to 118.22

Buy from the zone of 117.47 to 118.22 | 19 January 2016

19 January 2016, USD/JPY

Daily chart: intensive correction towards 119.31 (the middle Bollinger Band).

Buy from the zone of 117.47 to 118.22

Н4: local resistance 118.22 (Upper Bollinger Band). Support - 117.47 (middle band).

Buy from the zone of 117.47 to 118.22

Н1: very active ADX, ie growth to 118.22 almost assured. We can enter only from the middle band (117.47), if we're lucky with a downward pullback.

Buy from the zone of 117.47 to 118.22

Expectations: So, we wait for growth to 118.22. We shall enter zone 117.47 if there is a a downward pullback

Trading solutions: purchase from 117.47 to 118.22

Aleksey Panasenko
FreshForex Analyst
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