Selling from 123.70 | 27 Juli 2015
27 Juli 2015, USD/JPY
The daily chart: the pair turns to be in flat within the envelope Bollinger, however, here is a loss of support from the middle band (123.21), we see a dive to the bottom envelope in the direction of the bottom line (121.36)
.png "Selling from 123.70")
H4: we observe the penetration of the lower envelope, therefore, after the price returns to middle band (123.84), we shall sell to 121.36.
.png "Selling from 123.70")
H1: a more localized resistance from the middle Bollinger band (123.70)
.png "Selling from 123.70")
Expectations: a roll back to 123.70 and a new wave of decline. Today it will be to the 122-th figure and in general - to 121.36.
Trading solutions:
1) from 123.70 Sales to 121.36
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.
