Sell from 113.81 | 01 March 2016

01 March 2016, USD/JPY

Daily chart: the last day was successfully closed for bears (well shaped IB from the middle Bollinger band), so the current correction should be used to search for entry points down

Sell from 113.81

Н4: resistance at the upper Bollinger band (113.81); support is at 111.87 (the bottom band).

Sell from 113.81

Н1: local bullish pressure towards 113.24 and 113.81

Sell from 113.81

Expectations: we expect growth to 113.24 and possibly to 113.81 and then start of downward movement

Trading solutions: 1) Buy to 113.24 and possibly to 113.81

2) Sales from 113.81 to 111.87 (extraday)

Aleksey Panasenko
FreshForex Analyst
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