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Growth to 124.48 and downward correction

28 May 2015, USD/JPY

Daily chart: We have three bars outside Bollinger envelopes which brings market to correction.

Growth to 124.48

Н4: Bullish pressure 124.48 has been preserved (upper Bollinger band)

Growth to 124.48

Н1: Nipping of Bollinger bands prior to a possible impulse. Support is based at 123.41

Growth to 124.48

Expectations: Price will jumpt to 124.48 and decline to 123.41

Trading decisions:

1) Buy to 124.48

2) Sell from 124.48 to 123.41

Aleksey Panasenko
FreshForex Analyst
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