The fight! | 22 September 2015

22 September 2015, USD/JPY

Daily chart: the fight is here. Bears: decline od maximums and crossing of swings down. Bulls: a great pinbar, whose acts can be break by the breakthrough of its low (119.05).

The fight!!

Hourly chart: significant support 119.72, it protects the upward local sructure. That is why the passing of this level tells a lot about buyers power.

The fight!!

Scenarios:

1) If the breakthrough happen on 119.72, wait got the further decline in the direction to 119.05

2) If there is no possibility to go under 119.72, wait for the growth to 121.00

Trading solutions::

1) I would not trade this pair till tomorrow, when the real potential of bullish pinbar will be clear.

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 .