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We shall buy from the area 124.12-124.40

05 June 2015, USD/JPY

Daily chart: we have got a false breakthough of Inside Bar and thereby Northern determination has been proved once again. Meawhile, target is still based on 125.88. We cannot see further, cause overboughtness is rather strong.

We shall buy from the area 124.12-124.40

Н4: here is a divergency of oscillator which conveyes attentuation of bullish front. Also we have passive ADX. Perhaps, descention to the bottom Bollinger band (123.94) can take place.

We shall buy from the area 124.12-124.40

Н1: area of support 124.12-124.40. Here we note that Bollinger envelopes are rounded off and pressing ADX.

We shall buy from the area 124.12-124.40

Expectations: so, we are waiting for beginning of growth to 125.88 not lower than from the area 124.12-124.40

Trading decisions:

1) We shall buy from the area 124.12-124.40 к 125.88

Aleksey Panasenko
Analyst of «FreshForex» company
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