01 February 2016, USD/JPY
Day chart: strong breakthrough of upper envelope. Now a middle-term roll back is likely to appear in middle Bollinger band (118.42). At this level you had better open long positions and hold them till 123.60 level.
H4: more localized 119.48 support (middle Bollinger band).
H1: sideways intraday range - 120.82-121.48.
The main scenario: 120.82-121.48 flat
The alternative scenario: decrease towards 119.48
Trading solutions: sell from 121.48 to 120.82 and 119.48 (extraday)
Analyst of «FreshForex» company
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