Skip the upward swing and sell | 27 July 2015

27 July 2015, USD/JPY

Daily chart : the downward swing continues. The next strong support zone - 122.45.

Skip the upward swing and sell

Hourly chart A downward structure but start rising to an area 123.72 is possible, from where bears can attack again

Skip the upward swing and sell

Scenarios: growth to the area of ​​123.72, and beginning of downward movement to break down the level 123.30

Trading solutions:

1) Sales from the 123.72 in the event we receive short signal.

Aleksey Panasenko
FreshForex Analyst
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