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Wait for the price on the level (0/8)

05 February 2016, USD/JPY

Wait for the price on the level (0/8)

4-hourly chart USDJPY. On the chart we see a change in the Murrey levels, they have narrowed. At the current moment after the breakthrough of the level (2/8), the pair keeps the movement down. The decline target is the main support level (0/8). This variant will be canceled in the case of the breakthrough and fixation of the pair above the 4-hourly supertrend line. Trading solutions: sells from the 4-hourly supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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