Sell from the area 113.71-113.98 | 19 Februari 2016
19 Februari 2016, USD/JPY
Daily chart: bears are going to dominate. There is a tendency to move to 111.27 (bottom Bollinger line).
Н4: Bottom Bollinger Envelope has been broken through. We can sell from middle Bollinger line (113.98) to 111.27
Н1: Bottom Bollinger Envelope has been broken through and middle line - 113.71 is better shaped
Expectation:: pullback to 113.71-113.98 and then intensive decrease to 111.27
Trading decisions: sell from 113.71-113.98 to 111.27
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.
