Target of correction

May 22, 2015

USD/JPY

Daily chart: Yesterday we have received Inside Bar. That makes a bounce more significant than we though it would be yesterday. Goal for decline is the middle Bollinger band (119.84)

Í4: Control support is based at 120.74. Break of this support will open a way to 119.84.

Í1: Bearish pressure is strong.

What we expect: A decline to 119.84, from where we buy the pair with the targets on new daly Highs.

What we do:

1) Sell to 119.84

2) Once the price hits 119.84, we shall buy.

Publication source
FreshForex information  FreshForex reviews

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