26 October 2015, USD/JPY
The daily chart: yen returned a complete inverse correlation of the Eurodollar (which is well conveyed by the mirror break through of the last four resistance - see yellow zone). There are no signals of start of a rolling back down yet, the only unbroken peak - 121.72 - seems to be a good area for this. The best buy zone is 119.40-120.00
H1: Here we see local signals to beginning of correction: inside bar at the end of the upward swing, plus two attempt of a false breakout. To preserve the full upward structure, bulls need not to let downward swing get farther than 120.22 (last bottom).
Expectations:
1) Decline from current levels to the area of 120.50, where growth will continue. 2) Finalization of the area 121.73 and beginning of a correction from there towards 120.50
solutions: 1) Sales to 120.50 2) Buy from 120.50 to 121.73
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