A notable Northern signal received | 21 May 2015
21 May 2015, USD/JPY
May 21 of 2015, USD/JPY
Daily chart: Yesterday the upper Bollinger envelope has been broken. Therefore, a notable Northern impulse has been sent. Upon that, a preliminary correction can be made towards the middle line (119.74)
.png "Получен существенный северный сигнал")
Н4: A better shaped support line is based on 120.39 (the middle Bollinger band)
.png "Получен существенный северный сигнал")
Н1: As we see, bulls have a chance to start moving upwards, because the bottom Bollinger band (120.84) reached and ADX turned to an active area.
.png "Получен существенный северный сигнал")
Expectations: So, we are waiting for growth from area 120.39-120.84 to new Highs in the direction of 122.00
Trading decisions:
1) Purchases from 120.39-120.84 to 122.00 (the target may be reached tomorrow)
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
