We should sell from around 117.49 | 18 January 2016
18 January 2016, USD/JPY
Daily chart: the pair still focuses on 116.15, from where significant upward correction could begin.
Н4: bullish convergence and horizontal envelopes are the signs of weakened pressure of sellers.
Н1: the pair is clamped between 116.69 and 117.49. We expect touch of the upper wall of the range and sell to the bottom.
Expectations: touch of 117.49 and then decline to 116.69
Trading solutions: sale from 117.49 to 116.69
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.
