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Channel 123.83-124.31

01 June 2015, USD/JPY

Daily chart: The pair has a well-shaped ascending trend here, but correction may be required. It is late to buy and it is early to sell. We have to wait a signal to sell in correction either miss correction in expectation of a signal for purchases in a new phase of growth.

Channel 123.83-124.31

Н4: Resistance 124.45.

Channel 123.83-124.31

Н1: Here is an intraday flat channel 123.83-124.31

Channel 123.83-124.31

Expectations: Flat structure 123.83-124.31

Trading decisions:

1) Wait or try to scalp within channel 123.83-124.31

Aleksey Panasenko
Analyst of «FreshForex» company
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