Premarket view on JPY

14 March 2016, USD/JPY

Daily chart: pair is into horizontal corridor 111.99-114.59. Any trend moving would be possible after breaking through this range which could be called flat range.

 Premarket view on JPY

Н4: local bullish pressure. We are expecting rising to 114.59

 Premarket view on JPY

Н1: so we can consider north press of envelopes (with bullish moving from bottom line). But ADX is weak in limits of this frame so it is possible one more pullback to 113.60 (middle Bollinger line).

Expectation: touch zone 113.97-114.13, then pullback to 113.60 and rise to 114.59.

Trading decisions: buy from 113.60 with aim on 114.59

Aleksey Panasenko
FreshForex Analyst
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