Sellers are fighting for the daily O&U | 25 November 2015

25 November 2015, USD/JPY

Daily chart: a rather confident test of down false breakdown IB (which we discussed in yesterday's review), so there is a very high probability that bears will be able to break through the last swing bottom (122.21), which will form a bearish pattern O&U (entry point 123.60). This drop can occur within a day up to zone around 121.48.

H1: also no signs of the end of the falling front. Looking for at the down entrance to the next swing up.

Expectations: So, we wait for breakdown of 122.21 and drop to 121.50

solutions: look for the entrance down to the goal 121.50

Aleksey Panasenko
FreshForex Analyst
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