Sell to 123.73 | 12 August 2015

12 August 2015, USD/JPY

Daily chart: first cross down is created in the future downward swing and it is expected to be formed tomorrow. So we can wait for two declines. Support 123.73.

Sell to 123.73

Hourly chart: the big swing down and the breakthrough of the last bottom. If bulls can’t rise the price for new maximums (to break the last peak 125.29), you can sell when the upward swing is.

Sell to 123.73

Scenario: so wait for the swing up to Н1 to 124.77-125.00 and sell to 123.73.

Trading solutions:

1) Sell to 123.73 from 125.00.

Aleksey Panasenko
FreshForex Analyst
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