09 June 2015, USD/JPY
Daily chart: Correction to the middle Bollinger band (122.26) is probable, however, the upper line still grows to 126.39, so we cannot confirm reversal yet.
Н4: a well expressed divergence of the oscillator and pressure of ADX - everything speaks for decline. Break of support 123.75 (the bottom Bollinger band) will lead to decline down to 122.26
Н1: a dip upwards is probable. Potential levels of the offer are the middle (124.71) either upper (125.45) Bollinger band.
Expectations: so, we are waiting for attack of support line 123.76 and start of a new decline to 122.26. Today we can witness offsets to 124.71 или (if this level is broken) - to 125.45
1) Sell from 124.75 and 125.45. Taking into account a big distance between these areas, we will need an additional signal for sales. Targets are 123.76 and 122.26.
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