Growth to 124.48 and downward correction

May 29, 2015

USD/JPY

Daily chart: We have three bars outside Bollinger envelopes which brings market to correction.

Í4: Bullish pressure 124.48 has been preserved (upper Bollinger band)

Í1: Nipping of Bollinger bands prior to a possible impulse. Support is based at 123.41

Expectations: Price will jumpt to 124.48 and decline to 123.41

Trading decisions:

1) Buy to 124.48

2) Sell from 124.48 to 123.41

Publication source
FreshForex information  FreshForex reviews

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