Drop to 113.75 | 13 March 2017

13 March 2017, USD/JPY

Daily chart: ADX is ramping up, the pair is trapped in the middle of 200-pip corridor (113.75-115.50).

Drop to 113.75

Н4: intermediate support level is on middle Bollinger band (114.64). If it's broken, bears will push the price further to support level at 113.75 (lower Bollinger band). Resistance level is at 115.50 (upper Bollinger band).

Drop to 113.75

Н1: pressure to the downside is growing stronger making bears' job easier. They need to break 114.46 region (lower Bollinger band) to move down at faster pace.

Drop to 113.75

Expectations: drop to 113.75

Solutions: consider selling to 113.75

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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