manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

The pair is retained in the channel

26 August 2015, USD/JPY

 held in the channel

The four-hours' chart of USDJPY . A the moment, the pair continues to consolidate in a horizontal channel with borders at levels 117.19 (3/8) and 120.31 (5/8). While the price has not gone beyond the flat, our main expectation is continuation of the price movement within the above-designated channel. So, we buy is from the bottom of the channel (3/8), and sell from the upper border (5/8).

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .