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We are expecting correction

We are expecting correction | 12 February 2016

12 February 2016, USD/JPY

We are expecting correction

The four-hours chart USDJPY. Level (0/8) couldn’t hold pair and it continued decreasing. Pair has stopped on (-1/8) level. A rising correction is developing from this level now. According to the volatility on this pair correction movement wouldn’t stop on (0/8) level. We are expecting stronger pullback nearly to the four-hours Supertrend line.

Trading decisions: sell from four-hours Supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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