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Flat continues

14 October 2015, USD/JPY

Flat continues

The four-hours chart of USDJPY . Flat continues. But it is little narrower. As you can see, the last time the price by no way can gain a foothold above the main support and resistance level (4/8). The SuperTrend Day line, which formerly used to be the upper border of the flat, has lifted to the mark (4/8). So we expect a further price movement with the flat direction, but in a more narrow range between the levels (0/8) and (4/8).

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

Nikolay Krishtopov
FreshForex Analyst
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