Bears have broken the situation | 15 September 2015

15 September 2015, USD/JPY

The daily chart downward swing in the descending structure is getting longer, so you can wait for breakdown of the last bottom (118.59)

Bears have broken the situation

H1 chart: as we see , bears successfully coped with the bulls' pattern O & U, and now nothing prevents them from developing their success. You can again enter the movement at 118.00 on a roll back in the upward swing in the area of ​​120.00

Bears have broken the situation

Expectations: we wait for decline to ​​118.59 with target 118.00. During the day a roll back swing is possible to 120.00,from where you can re-sell.

solutions: 1) We keep selling to 118.00 and 116.00 (in the medium run) 2) We add to the short position around ​​120.00

Aleksey Panasenko
FreshForex Analyst
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