21 May 2015, USD/JPY
22 мая 2015, USD/JPY
Daily chart: Yesterday we have received inside bar, so, bounce will be more intense than the one we expected yesterday. Target for decline (and entering to a new phase of growth) is the middle Bollinger band (119.84)
Н4: Intermediate control support is based at 120.74. If it is broken, the movement to 119.84 will be initiated.
Н1: We are wintessing a strong local bearish pressure.
Expectations: So, we are waiting for decline to 119.84, from where we buy the pair again with middle-term expectations and targets based on new day Highs.
1) We sell to 119.84
2) We buy when the price hits 119.84.