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Sales from 117.20

21 January 2016, USD/JPY

Daily chart: the bottom Bollinger band is located at 115.86, that's where the pressure is maintained.

Sales from 117.20

Н4: bullish convergence of the oscillator as a sign of weakening of bears. Support is at 116.43 (bottom Bollinger Band). Resistance is at 117.95 (upper band).

Sales from 117.20

Н1: more localized resistance 117.21 (upper Bollinger band). Support is at 116.13.

Sales from 117.20

Expectations: touch of zone 117.21 and then a downward roll back to 116.13-116.43

Trading solutions: sale from 117.21 to 116.43

Aleksey Panasenko
FreshForex Analyst
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