Short positions from 120.89 | 02 فبراير 2016

02 فبراير 2016, USD/JPY

Day chart: there was an intraday bar after upper Bollinger envelope breaking, and the pair is likely go towards middle Bollinger band (118.42).

Short positions from 120.89

H4: localized support at middle Bollinger band (120.16), resistance – at 122.33 (upper band)

Short positions from 120.89

H1: more localized support level at 120.89 Expectations: the price will touch 120.89 and then go to 120.16 zone

Short positions from 120.89

Trading solutions: sell from 120.89 to 120.16 and 118.42

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

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Aleksey Panasenko

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