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Sell on a rollback to 112.12

04 April 2016, USD/JPY

Daily chart: the pair is coming to the (yet) stable support - the bottom Bollinger band (111.41). ADX is passive, so our basic expectation is an upward bounce.

Н4: here, as we see, everything is not so obvious - bears have a rather good trend shape, so 111.41-111.58 area may be under a significant pressure.

Н1: local resistance is around 112.12 (the middle Bollinger band), from where you can try to sell to 111.41 and below.

Expectations: a rollback to 112.12 and then finalization of the downward movement to 111.41

Trading solutions: sell from 112.12 to 111.41

Aleksey Panasenko
Analyst of «FreshForex» company
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