We consider purchases to 123.00 | 02 October 2015

02 October 2015, USD/JPY

The daily chart: obvious northern preparation from bulls, but we must remember about the news background, which, of course, will dominate over the technical picture. But from a technical point of view, we can expect beginning of the swing up aiming to break 121.73 and targeting 123.00

We consider purchases to 123.00

H1 chart: a difficult 120.27-120.34 resistance zone may create additional downward swing, but probably a breakthrough will be successful.

We consider purchases to 123.00

Expectations: So, we wait for growth, the fight to break resistance 120.27-120.34 and leave to the 122-th figure

solutions:

1) We consider purchases to 123.00

Aleksey Panasenko
FreshForex Analyst
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