Sell from 113.81 | 01 March 2016
01 March 2016, USD/JPY
Daily chart: the last day was successfully closed for bears (well shaped IB from the middle Bollinger band), so the current correction should be used to search for entry points down
Н4: resistance at the upper Bollinger band (113.81); support is at 111.87 (the bottom band).
Н1: local bullish pressure towards 113.24 and 113.81
Expectations: we expect growth to 113.24 and possibly to 113.81 and then start of downward movement
Trading solutions: 1) Buy to 113.24 and possibly to 113.81
2) Sales from 113.81 to 111.87 (extraday)
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.
