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Fifty/ Fifty

09 December 2015, USD/JPY

Daily chart: the situation is from "Fifty/Fifty" category. The direction will be decided whether by a breakthrough of support 122.20 or resistance 123.75.

Fifty/ Fifty

H1: non-directional structure. A rather nervous flat with sequence of Highs and Lows. Based on dynamics, we can assumed fall to 122.47

Fifty/ Fifty

Expectations:

1) Drop to 122.47 and possibly to 122.20

2) If the price is unable to go under 122.70 - growth to 123.60

solutions: no direct signals for entries. At the same time, no clear swing structure. It is better to wait for clarity

Aleksey Panasenko
FreshForex Analyst
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