Swing interpretation on the Yen | 07 September 2015

07 September 2015, USD/JPY

The daily chart: downward swing is emerging aiming to break down the last bottom (116.17)

Swing interpretation on the Yen

H1 chart: a correct descending structure, within which an upward swing would be very appropriate, at the end of which it will be possible to enter into a downward spiral. A very good area for sales is the pivot 119.64-119.69

Swing interpretation on the Yen

Scenarios: an upward swing (the best possible way - in zone 119.64-119.69) and then intensive decline under 118.59 and the medium-term target 116.00

solutions: Skip the upward swing and sell on its completion (zone 119.64-119.69) with the targets 118.00 and 116.00

Aleksey Panasenko
FreshForex Analyst
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