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Price continues to be traded within the flat

Price continues to be traded within the flat | 07 October 2015

07 October 2015, USD/JPY

Any attempt to move in any direction got immediately cut short, it seems that all players are waiting for something, and when that happens - we can expect a strong movement.

According to the scenario in question, we expect a downward movement, since it development of the wave [v] has supposedly formed downward momentum.

However, under current situation, I think it is very risky to open any deals and it is better to keep watching this pair and abstain from trading.

Price continues to trade sideways.

Vasiliy Lukin
FreshForex Analyst
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