Waiting for continued decrease | 09 February 2016
09 February 2016, USD/JPY
Daily chart: bear pressure from ADX increase, so it is possible to breakthrough support level on 115.32
Н4: localize support is on 115.44 and inside bar is on bottom Bollinger band. This is fact for bulls but we observe that ADX is in active zone so breakthrough under is possible too. (Look at the black pointer).
Н1: it is so prevail bear trend
Expectation: decrease by 115.00 and then correction
Trading decisions: sell by 115.00
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.
