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Waiting for decline to 122.10

03 July 2015, USD/JPY

Daily chart: yesterday brought bears' inside bar from the middle Bollinger band, which tells about readiness of the chart to decline down to the bottom Bollinger band (122.10)

Waiting for decline to 122.10

Н4: one more return to the upper Bollinger band (123.51) is probable.

Waiting for decline to 122.10

Н1: Narrowed Bollinger envelopes anticipate impulse movement.

Waiting for decline to 122.10

Expectations: falling to 122.10 probably following to moving to 123.51.

Trading decisions:

1) Keep opened sales to 122.10

2) News sales can be opened following to dash to 123.51.

Aleksey Panasenko
FreshForex Analyst
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