Purchases from the zone of 122.70 | 12 November 2015

12 November 2015, USD/JPY

Daily chart: Bears failed to perform the downward swing - cause it lacks one more intersection down. After this intersection is ready, we will be waiting for a new medium-term momentum up, a breakthrough of the last High (123.60)

H1: local double bottom at 122.73. We are waiting for the "third contact" level and a small puncture to secure the day downward swing.

Expectations:

1) Drop to 122.70 and growth to 124.00

2) Direct growth to 124.00

Solutions:

1) Purchases from the zone of 122.70 to 124.00

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 .