Selling to 123.36 | 20 August 2015
20 August 2015, USD/JPY
The daily chart: after a rather intense decline, the bottom Bollinger band - 123.36 - looks unfinished. At the same time, we do not expect the pair much below this level - ADX is very weak.
.png "Selling to 123.36")
Н4: a classic bearish setup - breakthrough of the lower Bollinger envelope. We expect a rollback to 124.25 and then start working off down to 123.36.
.png "Selling to 123.36")
Н1: a little more localized resistance - 124.15.
.png "Selling to 123.36")
Expectations: a rollback to 124.15 and then decline to 123.36.
solutions:
1) Selling from 124.15 to 123.36
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.
