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There are signs of exhaustion of the downward movement

24 August 2015, USD/JPY

The daily chart: the paiir is oriented towards direction to the strong pivot zone 120.40. Resistance - 123.50 (the middle Bollinger Band).

There are signs of exhaustion of the downward movement

Н4:we confirm resistance zone 123.50

There are signs of exhaustion of the downward movement

Н1: signs of exhaustion of the downward movement - convergence of the oscillator. The pair is still clearly the downward potential, but he's obviously been cut. Local resistance - 122.38 (middle Bollinger Band).

There are signs of exhaustion of the downward movement

Expectations: touch of 122.38, then another cut to the 121-th figure, where you can search for signals of the upward reversal

solutions:

1) Sales from 122.38 to 121.80.

Aleksey Panasenko
Analyst of «FreshForex» company
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