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Wait for rollback to 119.91 area

13 May 2015, USD/JPY

Day chart: so, Yesterday's attempt to break through the horizontal channel was not successful, creating a false breakthrough inside bar. So now the obvious prospect of reducing to the bottom border of range (118.69)

Ждем откат в зону 119.91 для продаж

Н4: local support at 119.62 is not a weak one, because ADX shows flat too. One more up rollback is expected to middle Bollinger band(119.91)

Ждем откат в зону 119.91 для продаж

Н1: Bear pressure is located here. Sell if it goes back to 119.84-119.91

Ждем откат в зону 119.91 для продаж

Expectations: so, 118.62 support will be testing, then it goes to 119.91 level. Then new wave is expected with 118.69 target

Trading decisions:

1) Sell from 119.91 to 118.69. It will probably achieved tomorrow.

Aleksey Panasenko
FreshForex Analyst
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