22 March 2016, USD/JPY
Daily chart:oscillator has sings of bulls convergence and it could be medium-term sellers weakness and price could turn and go upwards. But it is early to talk about? Because bottom Bollinger line is decreasing.
Н4: local pair press into range 110.88-112.55. We are expecting buys after reaching 111.88 level.
Н1: support is more localize on 111.46 level (bottom Bollinger line).
Expectation: we are expecting decrease to 111.46 zone and then upwards bounce to 111.89 level and maybe to 112.23 level.
Trading decisions: we are expecting buys in 111.46 zone
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us