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Sell to 112.21

17 February 2016, USD/JPY

Daily chart: the pair decreases whereas Bollinger envelops expand. It is possibility to achieve bottom (111.88)

Sell to 112.21

Н4: localizing support is on 112.21 (bottom Bollinger line).

Sell to 112.21

Н1: bottom envelope could be broken through! If the price goes this way we will sell from middle line (113.91) to 112.21.

Sell to 112.21

Expectation: break throw bottom Bollinger envelop on Н1, then pullback to 113.91 and the main decrease to 112.21

Trading decisions: sell from 113.91 to 112.21

Aleksey Panasenko
FreshForex Analyst
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