02 November 2015, USD/JPY
Daily chart: fight continues and it is getting fierce! After a double top (when it seemec that bears could stop strong buyers by sales in a very tough manner), bulls were able to "cut" the downward swing, having preserved an overall upward trend. Now, if buyers can pass the top 121.47 by their swing, they finally will leave the victory for them. Such a scenario is unlikely to take one day
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H1: Here we see that bears got very important intersection of the structure down. Now is the time for the upward swing, and it should be noted that 121.17 zone accumulates the local area of supply on the US dollar, so short signals may occur in this area.
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Expectations:
1)Growth from current levels to 121.17 and a new drop. 2) Growth from the current and breakdown of 121.17, followed by breakout 121.47
solutions: 1) Buy from the current levels to 121.17 and possibly in the medium-term to 123rd figure (in this case, if the level 121.47 is broken) 2) When you see sell signals in the area of 121.17 on H1 - sell to 120.00 /p>
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