We shall try to buy the daily pin | 21 September 2015

21 September 2015, USD/JPY

The daily chart: Bulls responded for a fall of the last three Tops (painted by blue arrows) and now we have a significant pinbar, on which it would be quite easy to break the downward accumulation. To do this, the price just needs to get above the last local peaks (121.00)

H1 chart: swing up and is already equipped. Meanwhile, we expect a pullback down into the zone of 50% pin (zone 119.40-119.70)..

Expectations: so, we expect roll back into the zone 119.40-119.70 and then rise towards 121.00

solutions: We buy from 119.40 -119.70 to 120.90

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

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Aleksey Panasenko

FreshForex Analyst

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