Local bearish trend | 29 February 2016
29 February 2016, USD/JPY
Daily chart: pair is lead to bottom Bollinger line (109.50) in medium-term
Н4: local support is on 112.59 (middle Bollinger line), this level could throw pair to the direction of upper Bollinger line (114.17)
Н1: support is on 112.59, resistance is 113.43. ADX is active, so down break throw is possible.
Expectation: decrease to 112.59 level and then probably it would be break throw of this support and further decreasing.
Trading decisions: sell to 112.59 and 112.00
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.
