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Control range 125.00-125.72

08 June 2015, USD/JPY

Daily charts: today, bears are working on correction, but the upper Bollinger band has rocketed to 126.33. So, a general ascening determination has been preserved. Touch of this area will enable hit of the middle Bollinger band (122.22).

Control range 125.00-125.72

Н4: here everything is better for sellers - a divergency of oscillators has been received and the price actively moves to break through below the middle Bollinger band (124.62) in the direction of 123.76

Control range125.00-125.72

Н1: Support at 125.03 can make the price bounce to 125.72.

Control range 125.00-125.72

Expectations: hitting 125.03, bounce to 125.72 and decline to 124.62

Trading decisions:

1) Or wait for clear signals or aggressive trades with minor Stops from 125.00 up and from 125.72 down.

Aleksey Panasenko
FreshForex Analyst
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