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Equiprobable scenarios

20 January 2016, USD/JPY

Daily chart: finalization of the bottom Bollinger band (116.08) is still possible

Equiprobable scenarios

Н4: flat horizontal corridor 116.80-118.30

Equiprobable scenarios

Н1: intermediate resistance 117.68 (middle Bollinger Band). From it the pair will either move to the bottom band (117.31) or will finalize the upper band (118.08).

Equiprobable scenarios

Expectations: 1) A downward pullback to 116.31. 2) On a break above 117.68 - growth to 118.08

Trading solutions: waiting for a signal and to enter along its side according to one of the scenarios

Aleksey Panasenko
Analyst of «FreshForex» company
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