Purchases in the direction of 119.9 | 08 February 2016
08 February 2016, USD/JPY
Daily chart: the rising wave is developing within the framework of the bullish pattern O&U. The apparent goal - the upper Bollinger band
Н4: support is at 116.53, resistance is at 119.91 (upper Bollinger band) .
Н1: local support is at 117.06 (middle Bollinger band), from where you can open a Buy trade anticipating start of the movement to 119.91
Expectations: growth to 119.91, perhaps with a preliminary touch of 117.06
Trading solutions: purchases from 117.06 to 119.91
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.
