Purchases from 114.11 | 16 February 2016
16 February 2016, USD/JPY
Daily chart: a predictable correction in the middle Bollinger band (117.16), which we discussed yesterday.
Н4: strong ADX indicates the possible breakout of the upper envelope (115.22 resistance), to target 117.16.
Н1: local support 114.11 (middle Bollinger band), from where we can consider purchases.
Expectations: a pullback to 114.11 and then growth to 117.16
Trading solutions: buy from 114.11 to 117.16
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.
