Growth to 124.48 and downward correction | 28 May 2015
28 May 2015, USD/JPY
Daily chart: We have three bars outside Bollinger envelopes which brings market to correction.
.png "Growth to 124.48")
Н4: Bullish pressure 124.48 has been preserved (upper Bollinger band)
.png "Growth to 124.48")
Н1: Nipping of Bollinger bands prior to a possible impulse. Support is based at 123.41
.png "Growth to 124.48")
Expectations: Price will jumpt to 124.48 and decline to 123.41
Trading decisions:
1) Buy to 124.48
2) Sell from 124.48 to 123.41
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.
