We expect growth to 118.72 and then a downward rollback | 22 January 2016
22 January 2016, USD/JPY
Daily chart: we expect strong resistance around the middle Bollinger band (118.72), which can cut off the correctional wave and then bring the pair down again for more than 100 points.
Н4: in the area of 118.27 there is a barrier, because now there is the upper Bollinger band, and growth is not on trending ADX.
Н1: Here, in turn, ADX has reached the trend value, so here the price may get up to 118.72.
Expectations: rise to 118.72 and then a downward rollback to 100 points. < / p>
Trading solutions: 1) Purchases to 118.72 2) Sales from 118.72 to 117.82
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.
