Decline from current levels is expected | 09 September 2015

09 September 2015, USD/JPY

The daily chart: two pivot points on the way of the rising swing - current levels 120.50 and 121.80 zone. From one of these areas the downward swing is expected to start.

Decline from current levels is expected

H1 chart: a very long swing up also contributes to downward correction to 119.50

Decline from current levels is expected

Expectations:

1) Decline from current levels to 119.50

2) With the break above 120.50 growth is possible to 121.80

solutions:

1) We sell from market to 119.50

2) Under the second scenario, we shall look for the entrances up on a pullback downward swing.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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