The price continues to decline | 21 أغسطس 2015
21 أغسطس 2015, USD/JPY
The daily chart: forced bearish pressure is , however, ADX has not yet received the trend values, therefore, the price is still able to roll back in the upward direction.
.png "The price continues to decline")
Н4:breakout of the bottomBollinger envelope, with the potential to decline to 123.00-123.16 . Entrance can be made around the middle Bollinger band (124.09)
.png "The price continues to decline")
Н1: a more localized resistance from the middle band (123.71), support in the area of 123.24.
.png "The price continues to decline")
Expectations: roll back to 123.71-124.09 and then decline to 123.16-123.24.
solutions:
1) Selling from 124.00 to 123.20.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
