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We are waiting for the price on the level (6/8)

28 August 2015, USD/JPY

We are waiting for the price on the level (6/8)

The four-hours' chart of USDJPY . Movement in the channel (3/8 & ndash; 5/8) turned out not to be long, so exit from it does not serve as a prognostic event to us. The nearest goal of growth is the level 121.88 (6/8), after reaching which we can expect resumption of the downward movement targeting the level (4/8).

Solution: sell from the level 121.88 (6/8).

Nikolay Krishtopov
FreshForex Analyst
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