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Purchases in the direction of 119.9

08 February 2016, USD/JPY

Daily chart: the rising wave is developing within the framework of the bullish pattern O&U. The apparent goal - the upper Bollinger band

Purchases in the direction of 119.9

Н4: support is at 116.53, resistance is at 119.91 (upper Bollinger band) .

Purchases in the direction of 119.9

Н1: local support is at 117.06 (middle Bollinger band), from where you can open a Buy trade anticipating start of the movement to 119.91

Purchases in the direction of 119.9

Expectations: growth to 119.91, perhaps with a preliminary touch of 117.06

Trading solutions: purchases from 117.06 to 119.91

Aleksey Panasenko
Analyst of «FreshForex» company
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