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Flat

27 January 2016, USD/JPY

Daily chart: the pair has troubles on resistance 118.30 (middle Bollinger band), from where it is expected to fall towards 116.22 (keeping in mind about the potential demand in the area of ​​116.70 under O&U)

Flat

Н4: local support is at 117.70 (the bottom band Bollinger).

Flat

Н1: intraday the pair can get caught up in the flat, as evidenced by passive ADX. The range is 118.14-118.42

Flat

Scenario: The main scenario - flat 118.14-118.42

The alternative scenario - on break of support 118.14 we expect decline to 117.70

Trading solutions: medium-term sale from 118.42 zone

Aleksey Panasenko
FreshForex Analyst
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