02 June 2015, USD/JPY
Daily chart: it seems that we may soon see a full-scale correction in the direction of the middle Bollinger band (121.16)
.png "We sell to 123.37")
Н4: Divergence of oscillator also speaks for South. Suppoert in the area of the bottom Bollinger band (123.37) can create a bounce, but anyway bears will continue to develop their success.
.png "We sell to 123.37")
Н1: even a better shaped support in the area of "round level" 124.00
.png "We sell to 123.37")
Expectations: decline to 124.00 and then to 123.37
Trading decisions:
1)We sell on upward bounces (perhaps, from 124.50) to targets 124.00 and 123.37
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