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.

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

Покупаем к 123.00

Scenarious: rise from the current levels towards123.00

solutions: 1) to buy to 123.00.

Aleksey Panasenko
FreshForex Analyst
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