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Purchases from 123.72 are possible

24 June 2015, USD/JPY

Daily chart : Pressure to 125.10 continues, where we are waiting the start of a decline with the first targets based in the area 122.43.

Purchases from 123.72 are possible

Н4: a strong local pressure of bulls. Resistance in 124.26. Support for a possible pullback and purchases - 123.42 (the middle Bollinger band ).

Purchases from 123.72 are possible

Н1: Support 123.72.

Purchases from 123.72 are possible

Expectations: waiting when the price hits 123.72 and gets up to 124.26 with the target125.10.

Trading decisions:

1) Purchases from 123.72 to 124.26 and 125.10.

Aleksey Panasenko
Analyst of «FreshForex» company
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