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Falling

10 September 2015, USD/JPY

The daily chart: we expect start in the direction of decline to the bottom Bollinger band (117.21).

Falling

Н4: local support in the area of ​​119.79 has the potential for further upward correction, but it is unlikely to cancel the overall southern spirit.

Falling

Н1: just a little more localized support at the lower band (120.07) , resistance 120.62 . Between these levels the pair may be traded and then will go down more actively.

Falling

Expectations: touch of zone 120.07, then a pullback to 120.62 and then subsequent main phase of decline to 119.79 and below.

solutions: 1) We sell to 120.07 and 119.79.

2) Sales from 120.62 can be kept open in the medium-run to 117.21

Aleksey Panasenko
FreshForex Analyst
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