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Wait for 116.50 level and buy in middle term

04 February 2016, USD/JPY

Day chart: the pair is likely to go towards 116.50 support zone, where O&U bull pattern was formed.

Wait for 116.50 level and buy in middle term

H4: the pair is going to make new Lows, breaking 117.47 support.

Wait for 116.50 level and buy in middle term

H1: there is one more support at 116.96 level.

Wait for 116.50 level and buy in middle term

Expectations: decrease to 116.52, and look for long signals. Trading solutions: 1) Sell to 116.52 2) Buy from 116.50

Aleksey Panasenko
FreshForex Analyst
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