Fifty/ Fifty | 09 December 2015
09 December 2015, USD/JPY
Daily chart: the situation is from "Fifty/Fifty" category. The direction will be decided whether by a breakthrough of support 122.20 or resistance 123.75.
H1: non-directional structure. A rather nervous flat with sequence of Highs and Lows. Based on dynamics, we can assumed fall to 122.47
Expectations:
1) Drop to 122.47 and possibly to 122.20
2) If the price is unable to go under 122.70 - growth to 123.60
solutions: no direct signals for entries. At the same time, no clear swing structure. It is better to wait for clarity
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.
