In the event of a rollback to 123.70 we should sell | 28 July 2015
28 July 2015, USD/JPY
Daily chart : the middle Bollinger band (123.14) is being tested and, apparently, decline to the bottom band (121.36) will continue
.png "In the event of a rollback to 123.70 we should sell")
Н4: a purely bearish configuration. There is a possibility of preliminary movement to the middle band(! 23.70), but this is the limit
.png "In the event of a rollback to 123.70 we should sell")
Н1: as we see,the limit level here is 123.40 (the upper Bollinger band)
.png "In the event of a rollback to 123.70 we should sell")
Expectations: So, we wait an the overall decline to continue, but today a local correction to 123.70 can take place
Trading solutions:
1) We are waiting with sales in the area of 123.70
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.
