Channel 123.83-124.31 | 01 June 2015
01 June 2015, USD/JPY
Daily chart: The pair has a well-shaped ascending trend here, but correction may be required. It is late to buy and it is early to sell. We have to wait a signal to sell in correction either miss correction in expectation of a signal for purchases in a new phase of growth.
.png "Channel 123.83-124.31")
Н4: Resistance 124.45.
.png "Channel 123.83-124.31")
Н1: Here is an intraday flat channel 123.83-124.31
.png "Channel 123.83-124.31")
Expectations: Flat structure 123.83-124.31
Trading decisions:
1) Wait or try to scalp within channel 123.83-124.31
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
