Sell from 120.12 | 26 August 2015

26 August 2015, USD/JPY

The daily chart: a massive downward swing has cover the entire range existed before. Surely we will need a rollback to continue. This pullback we will wait for the entry in the downward direction.

Sell from 120.12

H1 chart: local O&U with the entry zone 120.12. Potential for decline is about 200-300 points.

Sell from 120.12

Scenarious: So, we expect a rollback to 120.12, from where we shall sell to 118.12.

Trading solutions:

1) Sell from 120.12 to 118.12

Aleksey Panasenko
FreshForex Analyst
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