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The pair has entered oversoldness area

30 April 2015, USD/JPY

At present the pair has entered oversoldness area

The pair has entered oversoldness area 4 hours’ chart of USDJPY. After all, the pair has forced the main support level (0/8) and now it turned into its resistance level which retains the price from leaving the oversoldness area.

As long as the quote is below (0/8), our main expectation will be its further decline.

We consider the level (-2/8) as the target.

Roman Petukhov
Analyst of «FreshForex» company
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