We are waiting for the price on the level (0/8)

04 January 2016, USD/JPY

We are waiting for the price on the level (0/8)

The four-hours chart of USDJPY . The increase in volatility led to Murrey levels being redrafted, they are significantly expanded. At the moment, after breakdown of the level (2/8), the pair continued to move down. There are no obstacles on this way. So we expect the price to reach the main support level (0/8) in the near future.

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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