Falling | 10 سبتمبر 2015
10 سبتمبر 2015, USD/JPY
The daily chart: we expect start in the direction of decline to the bottom Bollinger band (117.21).
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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.
.png "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.
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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
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.
