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Correction

Correction | 04 February 2016

04 February 2016, USD/JPY

Correction

The four-hour chart of USD JPY . The pair has easily broke through the main support and resistance level (4/8), and now the price has stopped at the level of (3/8). There are preconditions for further price movement within the flat (3/8 & ndash; 5/8), but we should wait for confirmation to consider this option as the primary scenario. The main option is growth to the level of (4/8), followed by a downward rebound of the price .

Trading solutions : sales from the level of (4/8)

Nikolay Krishtopov
FreshForex Analyst
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