Within the flat

07 December 2015, USD/JPY

Once again the Japanese currency failed to seize the moment when US the dollar felt bad.

It resulted in resumption of growth, though new local High has not been updated and this growth can still have a corrective nature.

At the moment, it is better to watch the situation from the outside, it is quite possible that we will have a long and tedious flat, especially as the end of the year is coming and activity in the markets will fall.

In the meantime, as long as new local High has not happened I continue to consider development of the descending impulse

Within the flat

Vasiliy Lukin
FreshForex Analyst
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