Decline to 118.00 from current levels is possible | 08 September 2015

08 September 2015, USD/JPY

The daily chart: inside bar, which can be interpreted in two ways. On the one hand - the downward swing within the frames of broken down IB looks unfinished. On the other - strengthening within the framework of the consolidation of another small upward swing can take place. Of course, the second option is preferable for opening trades.

Decline to 118.00 from current levels is possible

H1 chart: Here we see a total advantage of bears, so we are based on readiness of the price to drop from current levels.

Decline to 118.00 from current levels is possible

Scenarios: drop under the last local bottom 118.59 with an eye to 1.18 and below.

Solutions 1) Sales to 118.00

Aleksey Panasenko
Analis perusahaan "FreshForex"
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