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Waiting when the pair will grow to 123.87

01 July 2015, USD/JPY

Daily chart: a strong pivot zone on 122.09works as support now. The bottom Bollinger band is also based there which consolidates support even better. We are waiting for the pain on the middle line (123.60)

 Waiting when the pair will grow to 123.87

Н4: pressure of bulls also allows for growth to the area of the upper Bollinger band (123.87).

 Waiting when the pair will grow to 123.87

Н1: the upper envelope has been broken. We should buy on return to the middle band (122.47)

 Waiting when the pair will grow to 123.87

Expectations: Waiting for growth to123.87. A preliminarily pullback to 122.47 is probable thereby enabling purchases.

Trading decisions:

1) We should buy from 122.47 to 123.60 and 123.87

Aleksey Panasenko
FreshForex Analyst
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