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Sell to 113.27

03 March 2016, USD/JPY

Daily chart: pair is on the middle of range of Bollinger Envelopes (110.99-117.19). It is useless to look for signals for entrance.

Sell to 113.27

Н4: Decreasing structure of the chart is correcting. For decreasing to support line 112.29 (bottom Bollinger line), it is possible to look signals for buy.

Sell to 113.27

Н1: support is more localized on 113.27 level (bottom Bollinger Line). We are waiting uwards bounce in 114.44 direction (upper line).

Sell to 113.27

Expectation: decrease to 113.27 and then upward bounce.

Trading decisions: sell to 113.27.

Aleksey Panasenko
FreshForex Analyst
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