Looking for signals up to 112.50-112.83 | 25 March 2016
25 March 2016, USD/JPY
Daily chart: the pair is in the flat corridor 111.54-114.40 (Bollinger band envelopes). Against the background of growing ADX, we can assume that buyers have the advantage.
Н4: local clamping of the trading range within the upper envelope Bollinger (support 112.50, resistance 113.28)
Н1: another more localized support from Bollinger middle band (112.83) form a zone, in which traders can look for signals up.
Expectations: so the pair will decline to 112.50-112.83, where we can look closer to formation of upward signals on H1. The goal - 113.28
Trading solutions: purchase from 112.50-112.83 to 113.28
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.
