Looking for shorts around 111.73-112.27 | 21 March 2016
21 March 2016, USD/JPY
Daily chart: the pair maintains downward dynamics in the direction of 110th figure, but we can not exclude the possibility of pre-correction to 112.93 (middle Bollinger band)
Н4: a better shaped resistance from the middle Bollinger band - 112.27. Support is at 111.44 (the bottom band).
Н1: intraday flat range 111.04-111.73.
Expectations: The main scenario - flat in the range of 111.04- 111.73
The alternative scenario - a break above to 112.27 and then downward correction towards 111.04
Trading solutions: we are looking for Sell signals on H1 in the areas of resistance 111.73 and 112.27. The goal - 111.04
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.
