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Buy JPY

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.

Buy JPY

H4: local resistance is 118.74 (middle Bollinger band).

Buy JPY

H1: there is a bullish oscillator convergence here . Local support is located at 116.52, resistance levels - 117.51, 118.16

Buy JPY

Expectations: so, wait for grow to 117.51 and 118.16 Trading solutions: long positions to 117.51 and 118.16

Aleksey Panasenko
FreshForex Analyst
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