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We expect growth to 118.72 and then a downward rollback

We expect growth to 118.72 and then a downward rollback | 22 January 2016

22 January 2016, USD/JPY

Daily chart: we expect strong resistance around the middle Bollinger band (118.72), which can cut off the correctional wave and then bring the pair down again for more than 100 points.

We expect growth to 118.72 and then a downward rollback

Н4: in the area of ​​118.27 there is a barrier, because now there is the upper Bollinger band, and growth is not on trending ADX.

We expect growth to 118.72 and then a downward rollback

Н1: Here, in turn, ADX has reached the trend value, so here the price may get up to 118.72.

We expect growth to 118.72 and then a downward rollback

Expectations: rise to 118.72 and then a downward rollback to 100 points. < / p>

Trading solutions: 1) Purchases to 118.72 2) Sales from 118.72 to 117.82

Aleksey Panasenko
FreshForex Analyst
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