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Sell again on the pullback up

13 August 2015, USD/JPY

Daily chart: the middle Bollinger bond keeps bears so far, but ADX is weak, so I recommend to wait for the breakthrough of the bottom bond (123.28)

Sell again on the pullback up

Н4: the ascending correction to yesterday fall is probable till 124.92, where we can identify O&U on the minor charts.

Sell again on the pullback up

Н1: mush resistance - 124.38, 124.58, 124.92. From one of them the support 123.54 may be.

Sell again on the pullback up

Expectations: so we wait for the new decline to 123.54 from 124.38-124.58 .

Trading solutions:

1) Sell from 124.38-124.58 to 123.54.

Aleksey Panasenko
Analyst of «FreshForex» company
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