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Flat continues

02 October 2015, USD/JPY

Flat continues

The four-hours chart of USDJPY . The pair is still moving within the horizontal channel with the borders on the main level of support and resistance (4/8) and the day Supertrend line. It is worth to note that amplitude of fluctuations of the price has dropped significantly, which is a signal of the forthcoming move. Given that the pair is in the middle of the channel, the probability of both upward and downward movement is the same.

Trade Solution: None

Nikolay Krishtopov
FreshForex Analyst
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