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Looking for buying options around 113.03-113.20

29 March 2016, USD/JPY

Daily chart: meanwhile Bollinger envelopes maintained horizontal status (which enhances resistance at the upper band, 114.48). But so far we record growing ADX, that, in turn, suggests accumulation of northern pressure.

Н4: local support is located at 113.03 (middle Bollinger band), resistance - at the upper band (113.71).

Н1: a local flat corridor 113.20-113.67, inside which the pair can be taded for some time .

Expectations: trading inside 113.20-113.67 i and then surge to 114.00 and 114.48 (with a possible transfer of targets to the next day)

Trading solutions: we are looking for buying options around 113.03-113.20

Aleksey Panasenko
FreshForex Analyst
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