We are waiting for a buy signal in the area of 123.70 | 30 July 2015
30 July 2015, USD/JPY
Daily chart: the price has closely approached to the latest top (and strong resistance zone) - 124.47. Here we have absolutely equally probable scenarios of an attack in the upward direction and a downward pullback. We shall wait for a better clarity.
.png "We are waiting for a buy signal in the area of 123.70")
Hourly chart: an awkward upward swing gives us a bullish market. This, it is reasonable to wait for the downward swing and occurence of Buy signal on its end.
.png "We are waiting for a buy signal in the area of 123.70")
Scenarios: So, we are waiting for a downward pullback to 123.70 and a new upward swing shaped to attack 124.47.
Trading solutions:
1) We are waiting for a buy signal in the area of 123.70
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
