Swing interpretation on the Yen | 31 August 2015

31 August 2015, USD/JPY

The daily chart: an upward swing continues , the target may be an implicit bearish O&U from 124.37. However, it is clear that the price will face several resistance points (in particular, the circular level 123.00

Swing interpretation on the Yen

H1 chart: a flawless rising structure. You can add up the position on a downward pullback (presumably in the zone 121.10-121.40)

Swing interpretation on the Yen

Scenarious: So, we wait for growth to 123.00. There is a chance of a local rollback 121.10-121.40 area, where you can buy again.

solutions:

1)We shall keep Buy open.

2) In case of a pullback down , we shall add positions around 121.10-121.40.

Aleksey Panasenko
FreshForex Analyst
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