Equiprobable scenarios | 20 January 2016
20 January 2016, USD/JPY
Daily chart: finalization of the bottom Bollinger band (116.08) is still possible
Н4: flat horizontal corridor 116.80-118.30
Н1: intermediate resistance 117.68 (middle Bollinger Band). From it the pair will either move to the bottom band (117.31) or will finalize the upper band (118.08).
Expectations: 1) A downward pullback to 116.31. 2) On a break above 117.68 - growth to 118.08
Trading solutions: waiting for a signal and to enter along its side according to one of the scenarios
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.
