03 September 2015, USD/JPY
The daily chart: Correction probably continues - in the area of inside bar (121.00), which can concentrate orders of bears, who transferred their transaction to breakeven. Whereupon the price will switch to the main phase of decline.
H1 chart: unformed rising structure (downward swing lacks another intersection down), which also allows to expect movement to 121.00
Scenarious: So, we wait for growth to 121.00 and beginning of a new swing down.
solutions: 1) Purchases to 121.00 (with the long-signal on H1 and formed swing down). 2) Sales from 121.00 based on a medium-term decline in direction 116.00