22 May 2015, USD/JPY
22 of May, 2015, USD/JPY
Daily chart: Yesterday we have received Inside Bar. That makes a bounce more significant than we though it would be yesterday. Goal for decline is the middle Bollinger band (119.84)
Н4: Control support is based at 120.74. Break of this support will open a way to 119.84.
Н1: Bearish pressure is strong.
What we expect: A decline to 119.84, from where we buy the pair with the targets on new daly Highs.
What we do:
1) Sell to 119.84
2) Once the price hits 119.84, we shall buy.