Equally possible outcomes | 13 July 2015
13 July 2015, USD/JPY
Daily chart: bulls are active and threat to break a descending trend. Bears are protective themselves around 123.72. If buyers break it, quotations may get up to the upper Bollinger band(124.40)
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Н4: the same conclusions. Bulls claim to break 123.72, though scenarious are equally probable. .
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Н1: local control support 122.76 (middle Bollinger band). Here is a third Bar outside envelopes and it speaks in favor of sellers.
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.
