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Levels have been redrafted

Levels have been redrafted | 06 October 2015

06 October 2015, USD/JPY

Levels have been redrafted

The four-hours chart of USDJPY. Reduced volatility impacted on the chart so that the levels have been redrafted and significantly narrowed. However, borders of the channel on the main level of support / resistance (4/8) and the Day Supertrend line remained the same. As the main option, we consider continuation of consolidation within the channel above defined the borders.

Trading solutions: purchase from the level (4/8), sales from the SuperTrend Day Line

Nikolay Krishtopov
FreshForex Analyst
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