Waiting for purchase within the bullish O&U | 09 Oktober 2015

09 Oktober 2015, USD/JPY

The daily chart: our yesterday's scenario worked itself fully - we have a spring and now bulls have free hands to attack in the medium-term up to break all recent peaks immediately.

Waiting for purchase within the bullish O&U

H1 chart: a well expressed bullish Over&Under from 119.74. We buy from there. But - it does not mean that you need to sell down in this area - swing up could be extended.

Waiting for purchase within the bullish O&U

Expectations: So, we wait for some growth and then decline towards 119.74 will start, where we assume a very large demand in the dollar, which will make the pair to go to 123.00 next week

Solutions:

1)Wait around 119.74 with the Limit Buy orders prepared to the medium-term target 123.00

Aleksey Panasenko
Analis perusahaan "FreshForex"
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