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We are waiting for the breakdown level (3/8)

14 January 2016, USD/JPY

We are waiting for the breakdown level (3/8)

The four-hours chart of USD JPY . The pair was not able to get to the main level of support / resistance and reversed down. At the moment, the price is at a level (3/8), which is likely to be pushed through in the near future and we will see a further decline of the pair with the next possible stop at the level of (2/8).

Trading solutions: None

Nikolay Krishtopov
FreshForex Analyst
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