Sell signals may occur around 124.14

July 16, 2015

USD/JPY

Daily chart: yesterday bulls have implemented their potential so now that have chances to work on the upper Bollinger band (124.67)

Í4:support is on 122.35 (the middle Bollinger band ),significant resistance on 124.14

Í1: here is a local weakening conveyed by divergency.

Expectations: growth to 124.14 and then a pullback down to 122.35

Trading decisions:

1) If we have short signals around 124.14 – we sell to122.35

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