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Levels have been redrafted

25 August 2015, USD/JPY

Levels have been redrafted

The four-hours' chart of USDJPY . The pair continued to decline. At the same time, growth of volatility led to redrawing of Murrey levels. They expanded to a significant extent. Currently the pair is in a horizontal channel with the borders (3/8 & ndash; 5/8). Continuation of the price movement within the boundaries of the horizontal channel is now considered as the main option.

Nikolay Krishtopov
FreshForex Analyst
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