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Looking for signals up to 112.50-112.83

25 March 2016, USD/JPY

Daily chart: the pair is in the flat corridor 111.54-114.40 (Bollinger band envelopes). Against the background of growing ADX, we can assume that buyers have the advantage.

Н4: local clamping of the trading range within the upper envelope Bollinger (support 112.50, resistance 113.28)

Н1: another more localized support from Bollinger middle band (112.83) form a zone, in which traders can look for signals up.

Expectations: so the pair will decline to 112.50-112.83, where we can look closer to formation of upward signals on H1. The goal - 113.28

Trading solutions: purchase from 112.50-112.83 to 113.28

Aleksey Panasenko
Analyst of «FreshForex» company
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