Two scenarios for the yen | 26 January 2016
26 January 2016, USD/JPY
Daily chart: an impressive resistance at the middle Bollinger band (118.49), from where the pair may drop to O&U (116.50)
Н4: the upper Bollinger band (119.25) looks unfinished, support is at the middle band (117.84)
Н1: intraday flat 118.23-118.49 is likely to be
Expectations:
The main scenario - flat 118.23-118.49
The alternative scenario - finalization of 119.25 zone (in case of drop to 117.84)
Trading solutions: under the alternative scenario - purchases from 117.84 to 119.25
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.
