Sales from current levels | 23 September 2015

23 September 2015, USD/JPY

The daily chart: the structure with lowered peaks is remained. As long as three days in run bulls can not activate a seemingly perfect pinbar. And the more they draw - the more doubt in their ability to move the price up we have.

Sales from current levels

H1 chart: here we also have a good decline of peaks of a swing structure that allows bears to start from the current levels to break down the last bottom (119.62).

Sales from current levels

Scenario: decline from current levels for a breakthrough at 119.62, with a view to 119.00.

solutions: Sales to 119.00 with Stops above 120.35


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.
Aleksey Panasenko
FreshForex Analyst
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