Flat 120.81-121.48, but with an eye to 123.16 | 28 August 2015
28 August 2015, USD/JPY
The daily chart: a continuing upward correction. Its potential is limited to the middle Bollinger band (123.16), where we can sell again.
.png "Flat 120.81-121.48, but with an eye to 123.16")
Н4: active local ADX also contributes to developing of the area 123.16 by buyers.
.png "Flat 120.81-121.48, but with an eye to 123.16")
Н1: this day flat is possible 120.81-121.48
.png "Flat 120.81-121.48, but with an eye to 123.16")
Expectations: So, we wait for flat 12.081-121.48 as preparation before finalizing of 123.16.
Trading solutions: 1) buy on the pullbacks down. Target is 123.16 (extraday).
2) In the area of 123.16 you can put Sell Limit orders.
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.
