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Flat

Flat | 25 June 2015

25 June 2015, USD/JPY

Daily chart: looks very much alike triangle and is close to an outcome. We still can expect the pair to be based on 125.10, to sell from there based on O&U.

Flat

Н4: Weak ADX, resistance 124.46, support 123.59

Flat

Н1: a better shaped resistance on 123.88 (the middle Bollinger band).

Flat

Expectations: touch of 123.88 and decline to 123.59. We can call it flat.

Trading decisions:

1) Don't trade. Waiting when we have the chance to sell from 125.10, which is not expected today.

Aleksey Panasenko
FreshForex Analyst
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