Finalization of 121.00 is possible and the price may go down | 03 September 2015

03 September 2015, USD/JPY

The daily chart: Correction probably continues - in the area of ​​inside bar (121.00), which can concentrate orders of bears, who transferred their transaction to breakeven. Whereupon the price will switch to the main phase of decline.

Finalization of 121.00 is possible and the price may go downз

H1 chart: unformed rising structure (downward swing lacks another intersection down), which also allows to expect movement to 121.00

Finalization of 121.00 is possible and the price may go down

Scenarious: So, we wait for growth to 121.00 and beginning of a new swing down.

solutions: 1) Purchases to 121.00 (with the long-signal on H1 and formed swing down). 2) Sales from 121.00 based on a medium-term decline in direction 116.00

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .