The target of the likely downward swing - 118.50 | 10 September 2015

10 September 2015, USD/JPY

The daily chart: Bears need to act more decisively (if they really retain control over the structure). We are waiting for beginning of the downward swing in order to break the last floor (118.59)

The target of the likely downward swing - 118.50

H1 chart: only one local intersection up, so sellers should protect the last Top (121.19)

The target of the likely downward swing - 118.50

Expectations: we wait for decline under 118.59

solutions:

1) Sell to 118.50 and 116.00 (in the middle run).

Aleksey Panasenko
Analis perusahaan "FreshForex"
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