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Flat 120.81-121.48, but with an eye to 123.16

28 August 2015, USD/JPY

The daily chart: a continuing upward correction. Its potential is limited to the middle Bollinger band (123.16), where we can sell again.

Flat 120.81-121.48, but with an eye to 123.16

Н4: active local ADX also contributes to developing of the area 123.16 by buyers.

Flat 120.81-121.48, but with an eye to 123.16

Н1: this day flat is possible 120.81-121.48

Flat 120.81-121.48, but with an eye to 123.16

Expectations: So, we wait for flat 12.081-121.48 as preparation before finalizing of 123.16.

Trading solutions: 1) buy on the pullbacks down. Target is 123.16 (extraday).

2) In the area of ​​123.16 you can put Sell Limit orders.

Aleksey Panasenko
Analyst of «FreshForex» company
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