Working for a drop | 01 سبتمبر 2015
01 سبتمبر 2015, USD/JPY
The daily chart: yesterday without reaching the middle band, bears formed the inside bar, which allows them to attack from current levels towards the bottom Bollinger band (118.97)
.png "Working for a drop")
Н4: local levels of support and resistance 119.53-121.98. Working for a drop, so selling on growth is the best way.
.png "Working for a drop")
Н1: the pair is squeezed within very narrow range (121.03-121.35), but it is unlikely to stay there.
.png "Working for a drop")
Expectations: So, we wait for beginning of the decline to 120.77, then, after a rebound in the area of 121.35 - a new wave of decline towards 119.53.
solutions: 1) to sell on pullbacks up to 120.77 and 119.53
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.
