Sell to 112.21 | 17 February 2016
17 February 2016, USD/JPY
Daily chart: the pair decreases whereas Bollinger envelops expand. It is possibility to achieve bottom (111.88)
Н4: localizing support is on 112.21 (bottom Bollinger line).
Н1: bottom envelope could be broken through! If the price goes this way we will sell from middle line (113.91) to 112.21.
Expectation: break throw bottom Bollinger envelop on Н1, then pullback to 113.91 and the main decrease to 112.21
Trading decisions: sell from 113.91 to 112.21
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.
