28 October 2015, USD/JPY
The daily chart: rather sluggish indicators along with intensive correction after breakdown of the upper Bollinger envelope. This is certainly suspicious and may indicate a signal on cancellation of further growth of the pair. However, meanwhile we have to be based on rebound from the middle Bollinger band (120.03) and growth above 122.00
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Н4: confirm the strong support zone 120.00 (round level plus the rising bottom Bollinger band plus the the middle daily band). The nearest strong resistance is at 121.43 (upper Bollinger band).
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Н1: more localized resistance at 120.70. Breakthrough of this zone would be a good signal telling about continuation of the bullish pressure. Before that, as we can see, perhaps even one more touch of support zone 120.21 (bottom Bollinger band).
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Expectations: touch pf zone 120.21 and beginning of growth to 120.70 and 121.43 with the possible move to the 122-th figure.
solutions: We buy from the zone of 120.21 to 120.70, 121.43, 122.00
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