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The pair continues to move in the channel

28 September 2015, USD/JPY

The pair continues to move in the channel

The four-hours chart of USDJPY . The pair has tested strength of the upper border of the channel formed between the main levels of support / resistance (4/8) and the Supertrend Day line. As long as the price remains within the channel, the primary expectation is continuation of the price movement within the given channel.

Trade Solutions: sales from the top of the channel and buying from the bottom.

Nikolay Krishtopov
FreshForex Analyst
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