Pair has consolidate in oversold area
24 February 2016, USD/JPY
The four-hours chart USDJPY. After pair has consolidated in oversold area, it continues to decrease. Now there is no preconditions for price rising. So as a main possibility we are expecting pair decrease. Nearest aim is on (-1/8) level. From this level pair could have upward correction. More medium-term aim for decrease is (-2/8) level.
Trading decisions: hold sells
Nikolay KrishtopovAnalyst of «FreshForex» company
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