Drop to 113.09 | 13 ديسمبر 2016
13 ديسمبر 2016, USD/JPY
Daily chart: it looks like long-awaited downward correction has started. Its goal might be a support level 112.55 (middle Bollinger band). Oscillator confirmed long bearish divergence, so sells are more appropriate.
Н4: two local support levels are 114.60 and 113.09 (middle and lower Bollinger band respectively). Downward movement is so far just correctional.
Н1: here we can see forcing downward potential. The pair might at any moment drop sharply to 113.09.
Expectations: wait for decline to 113.09
Solutions: sell up to 113.09
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.
