Sales from 117.20 | 21 January 2016
21 January 2016, USD/JPY
Daily chart: the bottom Bollinger band is located at 115.86, that's where the pressure is maintained.
Н4: bullish convergence of the oscillator as a sign of weakening of bears. Support is at 116.43 (bottom Bollinger Band). Resistance is at 117.95 (upper band).
Н1: more localized resistance 117.21 (upper Bollinger band). Support is at 116.13.
Expectations: touch of zone 117.21 and then a downward roll back to 116.13-116.43
Trading solutions: sale from 117.21 to 116.43
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.
