We shall sell from 124.00 | 11 June 2015
11 June 2015, USD/JPY
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Day chart: we have a predicted technical pullback from a strong support represented by the middle Bollinger band (122.54), which finds its place within a pullback to the entrance point according to the pattern O&U (125.00)
.png "We shall sell from 124.00")
Н4: here we have pullback to the middle Bollinger band(124.06) after a break of the bottom envelope. We await for one more downward wave from 124.00 to 122.09 (the bottom Bollinger band)
.png "We shall sell from 124.00")
Н1: aggressive ADX allows to expect the price hitting 124.06
.png "We shall sell from 124.00")
Expectations: growth to 124.06 and falling to 122.09
Trading decisions:
1) Sales shall be open to 124.00
2) We shall sell from 124.00 to 122.09
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.
