In the flat

21 September 2015, USD/JPY

The pair continues to be traded within the flat not denying nor confirming the considered scenario, according to which at the moment the correctional wave with of [iv] Falling Wedge is developing.

Perhaps today it will finally make a breakthrough and we will see a notable movement.

While the pair is trying to grow, it is possible that growth will happen to the local High, where it will determine its further movement.

Thus, in this situation it is better to refrain from trade by this pair, or buy very carefully with a Stop Loss at a local Low.

In the flat

Vasiliy Lukin
FreshForex Analyst
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