Forexpamm

USDJPY, wait for a couple in zone 121.00

Daily chart: Bulls surprisingly easily flashing 120.00, although it will be possible to talk about true or false a false breakdown after closing trading today. The pair is very overbought, so the probability of a sharp turn down is quite large.

H4: Locally, customer pressure is saved. Fixed breakdown of the top envelope of the Bollinger, which is a signal to shopping. We are waiting for a couple in zone 121.00.

H1: Also testing the top envelope and strong ADX are stored inside day. The outbredness is extreme, so from 121.00 you can search for short signals.

Conclusions: Height to 121.00, then turn down.

Trade decisions :

1. Shopping to 121.00.

2. Sales from 121.00.