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Sell from 111.68 to 110.50

18 March 2016, USD/JPY

Daily chart: a strong trend potential is being accumulated in favor bears and there are no signs that the price would stop at the important support area ​​110.93. Therefore, with high probability, today sellers will force this area and consolidate below.

Sell from 111.68 to 110.50

Н4:a similar situation - expanding of envelopes with weak correction and strong ADX. The best area for sales, of course, would be the middle Bollinger band (112.65). But we doubt if the market can reach it. This situation significantly worsens the possibility of placing a small stop on sales, which, nevertheless, have to be put on 112.65

Sell from 111.68 to 110.50

Н1: the local flat corridor for trading - 111.93-111.68.

Sell from 111.68 to 110.50

Expectations: touch of 111.68 zone and then decline to 110.93 and attack of that area by the price aiming to consolidate in the 110th figure

Trading solutions: sell from 111.68 to 110.50

Aleksey Panasenko
FreshForex Analyst
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