We are waiting for decrease to 111.46 and buy from this level | 22 March 2016
22 March 2016, USD/JPY
Daily chart:oscillator has sings of bulls convergence and it could be medium-term sellers weakness and price could turn and go upwards. But it is early to talk about? Because bottom Bollinger line is decreasing.
Н4: local pair press into range 110.88-112.55. We are expecting buys after reaching 111.88 level.
Н1: support is more localize on 111.46 level (bottom Bollinger line).
Expectation: we are expecting decrease to 111.46 zone and then upwards bounce to 111.89 level and maybe to 112.23 level.
Trading decisions: we are expecting buys in 111.46 zone
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.
