Upward structure continues to form | 05 November 2015

05 November 2015, USD/JPY

Daily chart: Yesterday a strong resistance level was broken from last two Highs. So, upward trend is expected to appear soon. It will be a growth(maybe after a small rollback) to 125.00, 128.00 (middle term).

Upward structure continues to form

H4: good upward structure without one more swing. After this swing (to 121.20 area, I guess) you can buy this pair with intraday targets - 122.00 and 122.50.

Upward structure continues to form

Scenarios: rollback to 121.20 area and growth to 122.00 and 122.50. Trading solutions: 1) buy orders from 121.20 to 122.00, 122.50.

Aleksey Panasenko
FreshForex Analyst
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