05 February 2016, USD/JPY
Day chart: so, the price has achieved bullish O&U, so the main scenario is prive moving to upper Bollinger band (120.51), and then even more to 123.00.
H4: local resistance is 118.74 (middle Bollinger band).
H1: there is a bullish oscillator convergence here . Local support is located at 116.52, resistance levels - 117.51, 118.16
Expectations: so, wait for grow to 117.51 and 118.16 Trading solutions: long positions to 117.51 and 118.16
Aleksey PanasenkoAnalyst of «FreshForex» company
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