Looking for buying options around 113.03-113.20 | 29 March 2016
29 March 2016, USD/JPY
Daily chart: meanwhile Bollinger envelopes maintained horizontal status (which enhances resistance at the upper band, 114.48). But so far we record growing ADX, that, in turn, suggests accumulation of northern pressure.
Н4: local support is located at 113.03 (middle Bollinger band), resistance - at the upper band (113.71).
Н1: a local flat corridor 113.20-113.67, inside which the pair can be taded for some time .
Expectations: trading inside 113.20-113.67 i and then surge to 114.00 and 114.48 (with a possible transfer of targets to the next day)
Trading solutions: we are looking for buying options around 113.03-113.20
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.
