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Waiting when the price will hit level (0/8)

20 October 2015, USD/JPY

Waiting when the price will hit level (0/8)

The four-hours chart of USDJPY . No significant changes have been made on the chart for the last 24 hours. The upward movement that began in the oversoldness area, has reached the first significant resistance, which acts is represented by the mark (2/8). As long the price can not break through this level, decline remains to be the main expectation. The first goal is the main support level (0/8).

Trading Solutions: sales from (2/8) level

Nikolay Krishtopov
FreshForex Analyst
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