We shall sell from 124.00

June 11, 2015

USD/JPY

Day chart: we have a predicted technical pullback from a strong support represented by the middle Bollinger band (122.54), which finds its place within a pullback to the entrance point according to the pattern O&U (125.00)

Í4: here we have pullback to the middle Bollinger band(124.06) after a break of the bottom envelope. We await for one more downward wave from 124.00 to 122.09 (the bottom Bollinger band)

Í1: aggressive ADX allows to expect the price hitting 124.06

Expectations: growth to 124.06 and falling to 122.09

Trading decisions:

1) Sales shall be open to 124.00

2) We shall sell from 124.00 to 122.09

Publication source
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