Buy from 124.60 | 11 August 2015

11 August 2015, USD/JPY

Daily chart: here is a bullish attack an inside bar. The downward swing wasn’t formed. Keep looking.

Buy from 124.60

Hourly chart: here is a forming of downward swing, but we don’t see two crossed lows(marked red). We suppose to see the start of upward swing from 124.55 to attack and break the resistance 125.06.

Buy from 124.60

Scenarios: so, we wait for the puulback to 124.60 and then the growth to the 125th figure.

Trading solutions:

1) Buy from 124.60 to 125.60 (extraday).

Aleksey Panasenko
FreshForex Analyst
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