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

Aleksey Panasenko
FreshForex Analyst
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