The levels have been redrafted

11 January 2016, USD/JPY

The levels have been redrafted

The four-hours chart of USDJPY . Target level (-2/8) has been reached as the result of redrafted Murrey levels. Currently the pair is at the level (3/8), which can not provided decent support for the pair, so we consider continuation of the downward movement as the main option. But a corrective upward pullback from current position is quite possible.

Trading solutions: close Sales at current levels

Nikolay Krishtopov
FreshForex Analyst
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