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The price continues to decline

21 August 2015, USD/JPY

The daily chart: forced bearish pressure is , however, ADX has not yet received the trend values, ​​therefore, the price is still able to roll back in the upward direction.

The price continues to decline

Н4:breakout of the bottomBollinger envelope, with the potential to decline to 123.00-123.16 . Entrance can be made around the middle Bollinger band (124.09)

The price continues to decline

Н1: a more localized resistance from the middle band (123.71), support in the area of ​​123.24.

The price continues to decline

Expectations: roll back to 123.71-124.09 and then decline to 123.16-123.24.

solutions:

1) Selling from 124.00 to 123.20.

Aleksey Panasenko
FreshForex Analyst
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