We shall buy from the area 124.20

6 August, 2015

USD/JPY

Daily chart: The pair is obviously aimed towards the upper Bollinger band (125.58)

Í4: local support is based on the middle Bollinger band (124.20)

Í1: the pair has rose on an impressive pair of Pinbar, and we again can expect a rollback to 124.20 zone to make purchases.

Expectations: falling to 124.20 and then rise to 125.58.

Trading solutions:

1) We shall buy from the area 124.20 to 125.58.


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Flat as a preparation for decline

The daily chart: the pair is falling inside Bollinger envelopes, which may indicate potential of this medium-term decline around the bottom band (121.62), as ADX is insufficient for impulsive moves...

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We shall sell from 124.00

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Forecast for the week 1st - 5th of June

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