Upward correction prior to main phase of decline | 04 سبتمبر 2015
04 سبتمبر 2015, USD/JPY
The daily chart: decline to the lower Bollinger band (117.84) continues.
.png "Upward correction prior to main phase of decline")
Н4: active building of ADX potential, so, after a brief upward correction, you can expect resumption of the fall.
.png "Upward correction prior to main phase of decline")
Н1: bullish convergence may trigger a rollback in the area of 120.56 (the upper Bollinger band)
.png "Upward correction prior to main phase of decline")
Expectations: So, we wait for growth to 120.56 and from there falling to 119.30 with an eye to 117.84
solutions: 1) Purchases to 120.56 2) Sales from 120.56 to 119.30 and 117.84
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.
