Flat | 27 January 2016
27 January 2016, USD/JPY
Daily chart: the pair has troubles on resistance 118.30 (middle Bollinger band), from where it is expected to fall towards 116.22 (keeping in mind about the potential demand in the area of 116.70 under O&U)
Н4: local support is at 117.70 (the bottom band Bollinger).
Н1: intraday the pair can get caught up in the flat, as evidenced by passive ADX. The range is 118.14-118.42
Scenario: The main scenario - flat 118.14-118.42
The alternative scenario - on break of support 118.14 we expect decline to 117.70
Trading solutions: medium-term sale from 118.42 zone
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.
