We shall buy to 123.00 | 24 August 2015
24 August 2015, USD/JPY
The daily chart: bears, on the one hand, have provide themselves with the essential new bottom, but on the other hand, they have reached the strongest area of support (120.41), which the last time lifted the pair for 500 points up. Plus we have an abnormally long swing down, and therefore a significant pullback suggests itself, for example - to 123.00.
.png "Покупаем к 123.00")
Hourly chart: as we have a very long downward swing, plus the inside bar at its end. This allows you to try to buy the pair with stops below the last bottom
.png "Покупаем к 123.00")
Scenarious: rise from the current levels towards123.00
solutions: 1) to buy to 123.00.
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.
