We shall buy and keep | 23 July 2015

23 July 2015, USD/JPY

Daily chart:a short swing to the bottom has already been formed and we can treat it seriously only if the price moves above the last Top (124.47, blue arrow). Now this swing can deepen.

We shall buy and keep

Hourly chart: similar. Breakthrough above 124.14 would manifest bulls' potential.

We shall buy and keep

Scenarios: Good chance for bulls, first they need to break 124.14 and then 124.47.

Trading decisions:

1) We shall buy and keep .

Aleksey Panasenko
FreshForex Analyst
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