nicoacademia
Short

Expecting USDJPY to move down to 117.60 area in coming weeks

FX:USDJPY   U.S. Dollar/Japanese Yen
TGIF as friday closes out the weekly candle closes out.

Expecting a poke down into the 117.60 area based on negative momentum that has been building up.

The week ending 13th March 2015 prodded the highs in Dec             2014 and was sold down from.

Expecting support to come in from the area at both a demand level as well as the lower bollinger band .
idea cancelled. bullish close for usdjpy. expecting new move up to 122.40
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