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The pair is within the horizontal channel

15 January 2016, USD/JPY

The pair is within the horizontal channel

The four-hours chart of USD JPY . Meanwhile the pair still remains within the flat with borders (3/8 - 4/8). Continuation of the price movement within given channel is our major expectation which would be change by breakdown and consolidation of the price on one of the borders of the channel. It would determine direction of the price movement in the near future.

Trading solution: None

Nikolay Krishtopov
FreshForex Analyst
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