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We are waiting for decrease to 111.46 and buy from this level

We are waiting for decrease to 111.46 and buy from this level | 22 March 2016

22 March 2016, USD/JPY

Daily chart:oscillator has sings of bulls convergence and it could be medium-term sellers weakness and price could turn and go upwards. But it is early to talk about? Because bottom Bollinger line is decreasing.

We are waiting decrease to 111.46 and buy from this level

Н4: local pair press into range 110.88-112.55. We are expecting buys after reaching 111.88 level.

We are waiting decrease to 111.46 and buy from this level

Н1: support is more localize on 111.46 level (bottom Bollinger line).

We are waiting decrease to 111.46 and buy from this level

Expectation: we are expecting decrease to 111.46 zone and then upwards bounce to 111.89 level and maybe to 112.23 level.

Trading decisions: we are expecting buys in 111.46 zone

Aleksey Panasenko
FreshForex Analyst
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