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The pair broke channel (3/8 - 5/8)

15 May 2015, EUR/USD

The pair broke channel (3/8 - 5/8)

4 hours’ chart of USDJPY. The pair has settled above (5/8) level and it means the end of movement in horizontal channel (3/8 – 5/8). There was a small move with flat, so out of it can not be considered as a predictor signal. However, we are considering a priority option with increasing pair. You should wait for price fixing above the (6/8) mark to confirm the continuation of the upward trend .

Nikolay Krishtopov
FreshForex Analyst
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