Open short trades from 112.83 to 111.85 | 09 March 2016

09 March 2016, USD/JPY

Daily chart: price continues to decrease to 111.85 (bottom Bollinger line), the pullback and correction are possible from this level.

Open short position from 112.83 to 111.85

Н4: ADX is very active and trendy so we are not expect important rising (but the pullback is possible into direction of middle Bollinger line (113.39).

Open short deal from 112.83 to 111.85

Н1: resistance level is more localized (112.83, middle Bollinger line).

Open short deal from 112.83 to 111.85

Expectation: rising to 112.83 and then decrease to 111.85

Trading decisions: sell from 112.83 to 111.85

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.

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Aleksey Panasenko

FreshForex Analyst

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