We are waiting for a signal | 28 July 2015

28 July 2015, USD/JPY

Daily chart formation of the downward swing continues. While we have no Buy signals, we are waiting for a further decline to the support area 122.45

We are waiting for a signal

Hourly chart: нисходящая структура, однако возможны два сценария. 1 - это локальный разворот вверх (для этого необходимо сохранить поддержку 123.00. 2 - a descending structure, but there are two possible scenarios. 1 - a local reversal in the upward direction (for that, the price needs to retain support 123.00. 2 - the price leaves under the level of support 123.00 and drops down to 122.45

We are waiting for a signal

Scenarios: 1) Growth in the case of the failure to break below 123.00 2) Decline in case of withdrawal under 123.00.

Тrading solutions:

1) We are waiting for a signal and act according to one of the above-mentioned plans.

Aleksey Panasenko
FreshForex Analyst
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