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Be patient

Be patient | 18 September 2015

18 September 2015, USD/JPY

The daily chart: on decline we obtained breakdown of the last bottom (119.41), so downward accumulation is fulfilled in accordance with our expectations. We expect a long day swing in the direction of 116.16

Be patient

H1 chart: a promising entry point down - it's 120.70, identified by the pattern Over & Under, so it the upward correction is possible .

Be patient

Expectations:So, on the one hand we expect a confident decline, on the other hand, we have the highest entry point (120.70). Thus, adding another factor of Friday, I would advise to be patient and wait for the downward entry point to the next week.

solutions We are waiting. In the case of a strong long signal, you can try to take a potential move to 120.70. But it is dangerous (as well as any entries against the trend)

Aleksey Panasenko
Analis perusahaan "FreshForex"
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