Looking for the upward entry points around 121.00 | 16 December 2015
16 December 2015, USD/JPY
Daily chart: The scenarios with a continued upward pullback to the middle Bollinger (122.50) band and drop to the bottom band (120.96) are equally probable
Н4: the pair entered into the horizontal corridor 120.46-122.12.
Н1: significant support zone 120.96-121.25. As we see, from there the price can test the upper Bollinger band (122.00)
Expectations: a downward roll back to the zone 120.96-121.25 and then rise to 122.00.
Trading solutions: Buy when we get long signals around 120.96-121.25 to the target 122.00
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.
