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