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Two scenarios for the yen

Two scenarios for the yen | 26 January 2016

26 January 2016, USD/JPY

Daily chart: an impressive resistance at the middle Bollinger band (118.49), from where the pair may drop to ​​O&U (116.50)

Two scenarios for the yen

Н4: the upper Bollinger band (119.25) looks unfinished, support is at the middle band (117.84)

Two scenarios for the yen

Н1: intraday flat 118.23-118.49 is likely to be

Two scenarios for the yen

Expectations:

The main scenario - flat 118.23-118.49

The alternative scenario - finalization of 119.25 zone (in case of drop to 117.84)

Trading solutions: under the alternative scenario - purchases from 117.84 to 119.25

Aleksey Panasenko
FreshForex Analyst
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