Important 122.73 support | 11 November 2015

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.

Important 122.73 support

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).

Important 122.73 support

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

Aleksey Panasenko
Analis perusahaan "FreshForex"
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