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Lowering flat

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.

Lowering flat

H4: more localized 119.48 support (middle Bollinger band).

Lowering flat

H1: sideways intraday range - 120.82-121.48.

Lowering flat

Expectations:

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)

analytic
FreshForex Analyst
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