Target is at 125.17

July 31, 2015

USD/JPY

Daily chart: the upper Bollinger band rose even higher - at 125.17 and now this mark is an actual target for growth.

Í4: local resistance is on 124.47

Í1: confirms resistance at 124.47 and a possible breakout of the upper envelope against this level can take place.

Expectations: So, we wait for growth to 125.17, but in the area of 124.47 we can probably meet turbulence and a possible rollback.

solutions:

1) We are looking for Buying opportunities around 124.20 targeting at 125.17

Publication source
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