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Purchases after decline to 119.58

27 August 2015, USD/JPY

The daily chart: impressive inside bar can provide bulls with significant correction (up to the middle Bollinger band (123.25). However, support on the bottom band (118.47) appears to be an attractive level.

Purchases after decline to 119.58

Н4: strong resistance at 122.15 (the Upper Bollinger Band)

Purchases after decline to 119.58

Н1: here we can see northern determination. It is still possible for the price to roll back to the area of the middle band (119.58), from which bulls may start to 122.15.

Purchases after decline to 119.58

Expectations: falling to 119.58 and then start up to 122.15

Trading solutions:

1) Purchases from 119.58 to 122.15

Aleksey Panasenko
FreshForex Analyst
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