There are signs of exhaustion of the downward movement | 24 August 2015
24 August 2015, USD/JPY
The daily chart: the paiir is oriented towards direction to the strong pivot zone 120.40. Resistance - 123.50 (the middle Bollinger Band).
.png "There are signs of exhaustion of the downward movement")
Н4:we confirm resistance zone 123.50
.png "There are signs of exhaustion of the downward movement")
Н1: signs of exhaustion of the downward movement - convergence of the oscillator. The pair is still clearly the downward potential, but he's obviously been cut. Local resistance - 122.38 (middle Bollinger Band).
.png "There are signs of exhaustion of the downward movement")
Expectations: touch of 122.38, then another cut to the 121-th figure, where you can search for signals of the upward reversal
solutions:
1) Sales from 122.38 to 121.80.
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.
