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.
.png "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
.png "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
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.
