Undirected structure | 24 July 2015

24 July 2015, USD/JPY

Daily chart: a descending swing was too short, whereas resistance around 124.45 was too strong. There is no entrance signal, so we have to be patient.

Undirected structure

Hourly chart:Undirected structure with ragged edges. There are no two subsequent crossings to neither side, which tells about flat.

Undirected structure

Scenarios: waiting for a certainty. It can occur today. Today there is no chance to trade.

Trading decisions:

1) No trading.

Aleksey Panasenko
FreshForex Analyst
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