Sell to 113.27 | 03 March 2016
03 March 2016, USD/JPY
Daily chart: pair is on the middle of range of Bollinger Envelopes (110.99-117.19). It is useless to look for signals for entrance.
Н4: Decreasing structure of the chart is correcting. For decreasing to support line 112.29 (bottom Bollinger line), it is possible to look signals for buy.
Н1: support is more localized on 113.27 level (bottom Bollinger Line). We are waiting uwards bounce in 114.44 direction (upper line).
Expectation: decrease to 113.27 and then upward bounce.
Trading decisions: sell to 113.27.
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.
