Sell on a rollback to 112.12 | 04 April 2016
04 April 2016, USD/JPY
Daily chart: the pair is coming to the (yet) stable support - the bottom Bollinger band (111.41). ADX is passive, so our basic expectation is an upward bounce.
Н4: here, as we see, everything is not so obvious - bears have a rather good trend shape, so 111.41-111.58 area may be under a significant pressure.
Н1: local resistance is around 112.12 (the middle Bollinger band), from where you can try to sell to 111.41 and below.
Expectations: a rollback to 112.12 and then finalization of the downward movement to 111.41
Trading solutions: sell from 112.12 to 111.41
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.
