Sell on a rollback to 100.97 | 16 أغسطس 2016
16 أغسطس 2016, USD/JPY
Daily chart: the pair continues to decline towards a well expressed support around 98.97, which the last time provided more than 700 points up.
Н4: a local bearish pressure with the breakdown of the bottom Bollinger envelope.
Н1: Multiple bars outside envelopes anticipate a reversal. We expect an upward rollback to the middle Bollinger band (100.97), from where bears are likly to finalize zone 99.00.
Expectations: now we are waiting for an upward rollback to 100.97 and then start a new decline to 99.00
Solutions:
1. Buy to 100.97
2. Sell from 10.97 to 99.00
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.
