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Purchases from 114.11

16 February 2016, USD/JPY

Daily chart: a predictable correction in the middle Bollinger band (117.16), which we discussed yesterday.

Purchases from 114.11

Н4: strong ADX indicates the possible breakout of the upper envelope (115.22 resistance), to target 117.16.

Purchases from 114.11

Н1: local support 114.11 (middle Bollinger band), from where we can consider purchases.

Purchases from 114.11

Expectations: a pullback to 114.11 and then growth to 117.16

Trading solutions: buy from 114.11 to 117.16

Aleksey Panasenko
FreshForex Analyst
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