Southern determination | 01 September 2015

01 September 2015, USD/JPY

The daily chart: inside bar at the end of the upward swing, so we may expect development of downward phase down to the breakdown of the last bottom (116.17)

Southern determination

H1 chart: active formation of descending structure, we'll enter on an upward swing (approximately in the area of ​​121.00)

Southern determination

Expectations: So, we wait for decline and pullback to 121.00, where you can sell and keep a trade until break of 116.17

solutions: 1) Sales from 121.00 to 116.00 (extraday)

Aleksey Panasenko
FreshForex Analyst
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