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Decline will continue

Decline will continue | 12 January 2016

12 January 2016, USD/JPY

Decline will continue

The four-hours chart of USD JPY . The pair had bumped up against the four-hours SuperTrend Line. As long as this line is not broken, it is too early to talk about further growth of the pair. As a prior option we regard continuation of the downward movement hitting the level of (2/8). Therefore, this option will be canceled in case of breakdown of the four-hours Supertrend line from bottom to top.

Trading Solutions: None

Nikolay Krishtopov
FreshForex Analyst
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