We wait for purchases in the area 120.29 | 20 May 2015
20 May 2015, USD/JPY
Daily chart: so, the price left beyong established channel with resistance in the area 120.71. Quote will try to consolidate in the figure No 121. But since ADX parameteres are not enough, a pullback is still possible.
.png "We wait for purchases in the area 120.29")
Н4: an intensive growth to 121.06 now allows for a correctional wave towards the middle line (119.93)
Н1: intermediate support 120.29
.png "We wait for purchases in the area 120.29")
Expectations: so, we are waiting for a pullback from 121.06 to 120.29 and new phase of growth
Trading decisions:
1) We buy from 120.29 with targets on 121-1 and tomorrow's performance.
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.
