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We are expecting correction

11 February 2016, USD/JPY

We are expecting correction

The four-hours chart. USDJPY Aim on (-2/8) level has achieved and as a result we can see redrafting of Murrey levels. Now price is testing the strongest support level (0/8). It is strong level, which can turn back trend direction. However, it is early thinking about it according to the trend force and prove signals absence. The maximum that we can expect is correction pullback to the four-hours Supertrend line.

Trading decisions: If you haven’t stopped sell on (-2/8) level stop now. We are expecting pullback to four-hours Supertrend line in this level we could start selling.

Nikolay Krishtopov
FreshForex Analyst
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