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South dominates

21 October 2015, USD/JPY

The daily chart: the pair reached the limit level of correction (middle Bollinger band, 119.86), with the bottom envelopean earlier broken down. If bulls manage to break this setup, the price may rise to the upper band (120.71)

Н4: localized support at the middle Bollinger band (119.33) also has a good prognostic value. Breakdown will confirm the southern determination, rebound will complicate movement to the Suoth.

Н1: another support at 119.71

Expectations: The main scenario - fall to 119.33 and 119.00. The alternative scenario - a rebound from 119.71 to 120.05

solutions: Sales are preferable

Aleksey Panasenko
FreshForex Analyst
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