29 January 2016, USD/JPY
Daily chart: strong resistance around zone 120.23 (the upper Bollinger Band), support is 118.32 (middle band).
Н4: here is northern dynamics of the pair on the background of news from Japan.
Н1: overboughtness plus weakness of ADX make the probability of a downward rollback toward the middle Bollinger band (118.96) high
Expectations: So, in general, we expect growth of the pair to 121.15, but also expect a pullback to the zone 119.00-119.35
Trading solutions: buy in case of a rollback to the zone 119.00- 119.35 with a view to 121.15
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us