Beginning of the mid-term decline | 10 ديسمبر 2015
10 ديسمبر 2015, USD/JPY
Daily chart: an impressive breakthrough of the bottom envelope. We are waiting for a rollback to the middle band (122.83) and sell for the medium-term target - 118.68
Н4: a similar situation
Н1: localized resistance at 122.15
Expectations: The main scenario - a roll back to 122.15 and then decline to 120.80. The alternative scenario - a roll back higher to 122.83 and then beginning of the mid-term decline.
Trading solutions: Sales from either 122.15 or from 122.83. The spread is significant, so you will need an additional signal to enter
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.
