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We are waiting for the price on the level (2/8)

We are waiting for the price on the level (2/8) | 21 January 2016

21 January 2016, USD/JPY

We are waiting for the price on the level (2/8)

The four-hours chart of USD JPY . The pair continues to decline, but the first target at the level of (2/8) has not been reached. An upward correction started between the levels. As a rule, such correctional movements do not have great prospects for development. Therefore, the rebound from the four-hours line of Supertrend is regarded by us as beginning of a new downward wave targeting (2/8).

TradingSolution: None

Nikolay Krishtopov
FreshForex Analyst
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