11 November 2015, USD/JPY
Daily chart: a potential downward swing has only one crossing of two needed. We should evalute day bar closure to understand, if bears have some pressure to make a correction.
H1: here we can see one down swing crossing, they need one more, and if they break 122.74 support level, they will receive it. If bulls keep it, there will be an upward swing(red arrow).
Scenarios: 1. Decrease from current levels to 122.73 area and then stong up swing. 2. If the price goes below 122.73 – it will go to 122.00 Trading solutions: 1) Buy from 122.73. 2) Sell from122.73 to 122.00