Wait for 116.50 level and buy in middle term | 04 February 2016
04 February 2016, USD/JPY
Day chart: the pair is likely to go towards 116.50 support zone, where O&U bull pattern was formed.
H4: the pair is going to make new Lows, breaking 117.47 support.
H1: there is one more support at 116.96 level.
Expectations: decrease to 116.52, and look for long signals. Trading solutions: 1) Sell to 116.52 2) Buy from 116.50
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.
