USDJPY, strong resistance at 119.50

Daily chart: Bulls were able to post the day before yesterday’s bearish inner bar, which let them count today on the attack zones 119.50 and 120.00. Perhaps from a psychological round level 120.00 and massive fixations will begin and, as a result, turn down.

N4: Local bearish Divergence is already preserved three price vertices in a row, which indicates the de-energousness of buyers. It is very possible that the reversal will occur from level 119.50.

H1: inside the day the price is consolidated In the range 119.07-119.31 (the size of the Bollinger envelopes). ADX is active, so we do not exclude the impulse to 119.50 and the same sharp turn.

Conclusions: Height to 119.50, then a decrease to 119.00.


1. Purchases to 119.50.

2. Sales from 119.50 to 119.00.