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Continuation of the downward movement is expected

24 August 2015, USD/JPY

Continuation of the downward movement is expected

The four-hour chart of USDJPY . The pair continued to decline, and has not only reached the its nearest goals on the main support and resistance level (4/8), but has easily overcame it from top to bottom. At the moment, decline to the level (2/8) is our main expectation, then you can expect to a pullback of the price in the upward direction. Alternatively,flat (3/8 -5/8), since we already have received certain signs.

Nikolay Krishtopov
Analyst of «FreshForex» company
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