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.
H4: the pair is going to make new Lows, breaking 117.47 support.
H1: there is one more support at 116.96 level.
Expectations: decrease to 116.52, and look for long signals. Trading solutions: 1) Sell to 116.52 2) Buy from 116.50
Aleksey PanasenkoAnalyst of «FreshForex» company
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