Looking for the entrance to the upward day swing | 29 September 2015

29 September 2015, USD/JPY

The daily chart: a downward swing required for a new start-up, lacks only one downward intersection and we are waiting for this intersection today. At the same time, bulls can not lose support 119.05

Looking for the entrance to the upward day swing

H1 chart: for more confident purchases, trading down-up-down is desirable. This will allow to filter out the upward signal better. But we are relatively close to the target, so an additional upward swing might not happen.

Looking for the entrance to the upward day swing

Expectations: decline to 119.41 and new swing up above 120.00

Trade solutions:

1) Buy from 119.41 to 120.00, 121.00 (extraday)

Aleksey Panasenko
FreshForex Analyst
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