28 Juli 2015, USD/JPY
Daily chart : the middle Bollinger band (123.14) is being tested and, apparently, decline to the bottom band (121.36) will continue
Н4: a purely bearish configuration. There is a possibility of preliminary movement to the middle band(! 23.70), but this is the limit
Н1: as we see,the limit level here is 123.40 (the upper Bollinger band)
Expectations: So, we wait an the overall decline to continue, but today a local correction to 123.70 can take place
Trading solutions:
1) We are waiting with sales in the area of 123.70