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

09 February 2016, USD/JPY

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

The four-hours chart of USD JPY . The pair continued to move down and by breaking through the main support level (0/8) it has entered the oversoldness area. This area is supporting the price, but as long as it is below the level (0/8), continuation of the downward movement remains to be our main expectation. The target is the level of (-2/8) by reaching which the price will redraft Murrey levels

Trading solutions: Keep yesterday's sales to the level of (-2/8)

Nikolay Krishtopov
FreshForex Analyst
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