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
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us