USD/JPY 4 hours chart trend is sideways. Resistance is present at 124.45 price level. Since 10-June-2015, price is moving sideways and current price action looks like a possible bearish running triangle pattern in USD/JPY currency pair. Based on Elliott wave analysis, I expect price to remain sideways next week as well. However if price breaks above 124.45 resistance level then bearish forecast is going to fail. In this case, I would prefer to stay out of the market and re-analyze the price action.
