Waiting for purchase within the bullish O&U | 09 October 2015

09 October 2015, USD/JPY

The daily chart: our yesterday's scenario worked itself fully - we have a spring and now bulls have free hands to attack in the medium-term up to break all recent peaks immediately.

Waiting for purchase within the bullish O&U

H1 chart: a well expressed bullish Over&Under from 119.74. We buy from there. But - it does not mean that you need to sell down in this area - swing up could be extended.

Waiting for purchase within the bullish O&U

Expectations: So, we wait for some growth and then decline towards 119.74 will start, where we assume a very large demand in the dollar, which will make the pair to go to 123.00 next week

Solutions:

1)Wait around 119.74 with the Limit Buy orders prepared to the medium-term target 123.00

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .