Bulls showed weakness | 15 March 2017

15 March 2017, USD/JPY

Daily chart: ADX indicates that trend is getting stronger. Key support level is at 113.75 (middle Bollinger band). Here bulls either ensure uptrend or lose the battle letting the price to sink down towards 112.13 (lower Bollinger band).

Bulls showed weakness

Н4: as we may see oscillators shows divergence and bulls weakening. Strong resistance is in 115.30-115.41 area. Here one may consider selling towards 114.42 and 113.75.

Bulls showed weakness

Н1: here we see flat at 114.53-115.14 within Bollinger bands. ADX doesn't support trend, so we are likely to see a quiet day inside specified corridor.

Bulls showed weakness

Expectations:

Core scenario - flat at 114.53-115.14.

Alternative scenario - drop to 113.75

Solutions: consider selling from 115.14 to 114.53 and 113.75 (extraday)

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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