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Sell to 112.61

16 March 2016, USD/JPY

Daily chart: undirected flat is in range 112.08-114.45. ADX hadn’t get into trend zone but it is turn upwards so we should be attentive with this indicator in zone above "30" and we can compare this information with price direction.

 Sell to 112.61

Н4: pair has locally pressed in bottom Bollinger Envelope (range 112.27-113.49). ADX is inactive so the movement could be undirected with some advantages of sellers.

 Sell to 112.61

Н1: locally we can see very active ADX, so the main expectation is new decrease wave to 112.61 (bottom Bollinger line).

 Sell to 112.61

Expectation: decrease from current levels to 112.61.

Trading decisions: sell from 113.17 to 112.61

Aleksey Panasenko
FreshForex Analyst
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