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We sell to 123.37

02 June 2015, USD/JPY

Daily chart: it seems that we may soon see a full-scale correction in the direction of the middle Bollinger band (121.16)

We sell to 123.37

Н4: Divergence of oscillator also speaks for South. Suppoert in the area of the bottom Bollinger band (123.37) can create a bounce, but anyway bears will continue to develop their success.

We sell to 123.37

Н1: even a better shaped support in the area of "round level" 124.00

We sell to 123.37

Expectations: decline to 124.00 and then to 123.37

Trading decisions:

1)We sell on upward bounces (perhaps, from 124.50) to targets 124.00 and 123.37

Aleksey Panasenko
FreshForex Analyst
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