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Selling ​​from 123.70

Selling ​​from 123.70 | 27 July 2015

27 July 2015, USD/JPY

The daily chart: the pair turns to be in flat within the envelope Bollinger, however, here is a loss of support from the middle band (123.21), we see a dive to the bottom envelope in the direction of the bottom line (121.36)

Selling ​​from 123.70

H4: we observe the penetration of the lower envelope, therefore, after the price returns to middle band (123.84), we shall sell to 121.36.

H1: a more localized resistance from the middle Bollinger band (123.70)

Expectations: a roll back to 123.70 and a new wave of decline. Today it will be to the 122-th figure and in general - to 121.36.

Trading solutions:

1) from 123.70 Sales to 121.36

Aleksey Panasenko
FreshForex Analyst
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