Pair is trying to go out from flat | 17 March 2016
17 March 2016, USD/JPY
The four-hours chart USDJPY. After one more try pair has broken through (0/8) level. It is early to make conclusions because pair hasn’t consolidate under this level and it could be pseudo breakthrough. But if we observe current situation we can see that buyers has real advantage. Breakthrough of (0/8) level leads for further pair decrease. First aim is level (-1/8). Earlier we have seen price upwards bounce. In fact this level is last important level for bulls. But this breakthrough could be pseudo and in fact situation is unclear.
Trading decisions: no
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
