Place for medium-term sales | 11 September 2015

11 September 2015, USD/JPY

The daily chart: local lowering of peaks that can be a signal for start of a new downward swing, we can expect the overall downward structure. Break of the last local bottom (118.59), which in turn would trigger continuation of decline to 116.00, would confirm that.

Place for medium-term sales

H1 chart: similar picture in miniature. Confirming level is 120.45

Place for medium-term sales

Expectations: so, with the the breakdown of 120.45, we expect continued decline under 119.97, then focus on 118.59

solutions : Sales from current levels, or on breakdown of 120.45. Goals - 118.50, 116.00 (in the medium run) .

Aleksey Panasenko
FreshForex Analyst
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