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)
Н4: localizing support is on 112.21 (bottom Bollinger line).
Н1: bottom envelope could be broken through! If the price goes this way we will sell from middle line (113.91) 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 PanasenkoAnalyst of «FreshForex» company
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