Expecting decline from 120.23
09 September 2015, USD/JPY
The daily chart: Bulls desperately resists having broken up inside bar yesterday, but the chart is purely top-down, with a view to the lower Bollinger band (117.21)
Н4: flat corridor within the envelope Bollinger (118.72-120.23)
Н1: we confirm resistance 120.23, and note two strong local support - 119.74 and 119.00 (upper and lower Bollinger bands).
Expectations: touch of 120.23 and decline to 119.74 and 119.00.
1) Sell from 120.23 and 119.00 и 117.21 (in the middle run)
Aleksey PanasenkoAnalyst of «FreshForex» company
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