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Side diapason is preparing to decrease

18 February 2016, USD/JPY

Daily chart: medium-term tendency is decreasing to 111.76 (bottom Bollinger line).

Side diapason is preparing to decrease

Н4: Bollinger envelopes are getting narrow in range 113.37-114.69.

Side diapason is preparing to decrease

Н1: more localized resistance located in area of upper Bollinger line (114.35). Support is 113.73 (bottom line ).

Side diapason is preparing to decrease

Expectation: flat 113.73-114.35

Trading decisions: looking for signals for selling from area 114.35-114.69 to 113.73.

Aleksey Panasenko
FreshForex Analyst
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