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Sell from the area 113.71-113.98

Sell from the area 113.71-113.98 | 19 February 2016

19 February 2016, USD/JPY

Daily chart: bears are going to dominate. There is a tendency to move to 111.27 (bottom Bollinger line).

Sell from the area 113.71-113.98

Н4: Bottom Bollinger Envelope has been broken through. We can sell from middle Bollinger line (113.98) to 111.27

Sell from the area 113.71-113.98

Н1: Bottom Bollinger Envelope has been broken through and middle line - 113.71 is better shaped

Sell from the area 113.71-113.98

Expectation:: pullback to 113.71-113.98 and then intensive decrease to 111.27

Trading decisions: sell from 113.71-113.98 to 111.27

Aleksey Panasenko
FreshForex Analyst
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