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Flat with a new border

08 October 2015, USD/JPY

Flat with a new border

The four-hours chart of USDJPY . One more redraft of the levels is caused by decline in the volatility of the instrument. Nevertheless, a horizontal channel remains relavant. The upper border is the SuperTrend Day line, and the the main support level (0/8) is the lower border. Continuation of consolidation within the specified channel is the main expectation.

Trading solutions: purchase from the level (0/8), the sale from the SuperTrenda Day line

Nikolay Krishtopov
FreshForex Analyst
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