Level 120.39 is the limit | 19 May 2015
19 May 2015, USD/JPY
Daily chart: The upper line of channel (120.39) is the limit, from where we may expect a new decline towards 118.70
.png "Предел роста 120.39")
Н4: Here is a local bullish pressure, so the price hitting 120.39 is quite real.
.png "Предел роста 120.39")
Н1: a local string is being formed 119.81-120.08
.png "Предел роста 120.39")
Expectations: pullback to 119.81 and hitting of the point 120.39, from where a new decline to 118.70 is starting.
Trading decisions:
1) Purchases from 119.81 to 120.39
2) Sales from 120.39 to 118.70
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.
