Support is at 117.18 | 12 January 2016
12 January 2016, USD/JPY
Daily chart: active ADX. This may indicate a bull trap and another down movement to 117.18 (the bottom Bollinger band)
Н4: Support is at 117.18, resistance is at 117.94 and 118.77
Н1: weak ADX. Bears can try an attack the level of 117.94.
Expectations: decline to 117.18 and then rebound to 117.80
Trading solutions: purchase from 117.18 to 117.80
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.
