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We expect the price on the level (2/8)

18 December 2015, USD/JPY

We expect the price on the level (2/8)

The four-hour chart of USDJPY . The target level (8/8) has been achieved, whereupon the pair bounced down hard enough. At the moment the price is on the main level of support and resistance (4/8). This is the strongest level of the system, but most likely such a strong downward movement will bring the pair even lower. Therefore, the main option is further drop of the price to the level of (2/8).

Trading Solutions: None

Nikolay Krishtopov
FreshForex Analyst
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