Wait for rollback to 119.91 area | 13 May 2015
13 May 2015, USD/JPY
Day chart: so, Yesterday's attempt to break through the horizontal channel was not successful, creating a false breakthrough inside bar. So now the obvious prospect of reducing to the bottom border of range (118.69)
.png "Ждем откат в зону 119.91 для продаж")
Н4: local support at 119.62 is not a weak one, because ADX shows flat too. One more up rollback is expected to middle Bollinger band(119.91)
.png "Ждем откат в зону 119.91 для продаж")
Н1: Bear pressure is located here. Sell if it goes back to 119.84-119.91
.png "Ждем откат в зону 119.91 для продаж")
Expectations: so, 118.62 support will be testing, then it goes to 119.91 level. Then new wave is expected with 118.69 target
Trading decisions:
1) Sell from 119.91 to 118.69. It will probably achieved tomorrow.
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.
