16 Juni 2015, USD/JPY
Daily chart: As we assumed, yesterday consolidation continued. Resistance is 124.85 (entrance under O&U) will be defined under exposure.
Н4: intermediate resistance 123.84 (the upper Bollinger band)
Н1: a strong local pressure of bulls. If upper envelope is broken (movement to 123.84) are possible on pullbacks to the middle band (123.45).
Expectations: so, waiting for growth to 123.84 and possibly to 124.85. A local pullbacks is possible to 123.45, from where you can buy to 124.85.
Trading decisions:
1) Buy in the area from 123.45 to 124.85 (target will be reached probably not today)
2) In area 124.85 we shall buy to 121.00 in the middle run.