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Waiting for correction to 123.00 and new decline

06 July 2015, USD/JPY

Daily chart: the bottom Bollinger band has been successfully reached, whereupon that chart corrected towards the middle band (123.35)

Waiting for correction to 123.00 and new decline

Н4: one more resistance around the upper Bollinger band (123.51)

Waiting for correction to 123.00 and new decline

Н1: intermediate resistance around 123.00.

Waiting for correction to 123.00 and new decline

Expectations: Waiting for correction to 123.00 and new decline down to 122.29

Trading decisions:

1) sell from 123.00 to 122.29

Aleksey Panasenko
FreshForex Analyst
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