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Sellings from 120.30 to 119.80

12 May 2015, USD/JPY

Sellings from 120.30 level to 119.80 area

Day chart: a rollback from 120.39 resistance level (upper Bollinger band) and fall to down Bollinger band (118.61 level)

Sellings from 120.30 to 119.80

Н4 chart: internal support level of 119.80 (middle Bollinger band)

Sellings from 120.30 to 119.80

Н1 chart: strong 120.27-120.39 resistance area

Sellings from 120.30 to 119.80

Foresight: so, wait for achievement of 120.27-120.39 area and fall towards 119.80 level

Trading decisions:

1) Sell from 120.30 towards 119.80

Aleksey Panasenko
Analyst of «FreshForex» company
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