Decline is expected to continue | 07 October 2015

07 October 2015, USD/JPY

The daily chart: the structure is forming a downward swing, it means that decline may continue for today and tomorrow. In general, however, we are considering drop, falling back into the zone of 50% big pins, which recently probably revealed a large buyer, who can move the pair to break above the recent peaks.

Decline is expected to continue

H1 chart: a good downward structure, where you can look for "your own" deal of the zone 120.00-120.10

Decline is expected to continue

Expectations: So, we wait for continuation of decline in the area of ​​119.00. There is a chance for a preliminary pullback to 120.10, where you can sell.

solutions: Sales from 120.10 to 119.00

Aleksey Panasenko
FreshForex Analyst
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