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.
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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.
