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Marginal range for growth 124.15-124.58

29 May 2015, USD/JPY

Daily chart: The pair is getting for correction in the direction of the middle Bollinger band . Upon that, an upward movement was notable, so to sell, one need to receive an additional signal.

Marginal range for growth 124.15-124.58

Н4: the upper Bollinger band - 124.58.

Marginal range for growth 124.15-124.58

Н1: Even a better shaped resistance - 124.15. Support is represented by 123.57

Marginal range for growth 124.15-124.58

Expectations: growth to the area 124.15-124.58 and then a pullback in the direction 123.57

Trading decisions:

1) Sales from 124.15-124.58 to 123.57

Aleksey Panasenko
FreshForex Analyst
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