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Buy to 114.48

Buy to 114.48 | 28 March 2016

28 March 2016, USD/JPY

Daily chart: the pair is moving to the upper Bollinger band (114.48) with active trending ADX, so we may rely on finaliation of this goal. The price may bounce down (thanks to horizontal status of envelopes), but in general, against the backdrop of bullish convergence, we can assume that this is an upward reversal

Н4: we also have trending status of ADX, so we are waiting for growth to 113.98 and 114.48. Within days of purchase, we can open trades from the 112.86 zone (middle Bollinger band) and 113.10-28 (hourly middle band).

Н1: localized support 113.28 (middle Bollinger band). resistance is at 113.72 (upper band)..

Expectations: pullback to 113.28 and then a surge towards 113.72 and possibly 113.98 and 114.48

Trading solutions: purchase from 113.28 to 113.72 and 114.48

Aleksey Panasenko
FreshForex Analyst
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