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We are expecting decrease to 109 figure

22 March 2016, USD/JPY

 We are expecting decrease to 109 figure

The four-hours chart USDJPY. Correction after strong decrease. Ones again level (-1/8) has supported price. But pair is staying into overbought zone. The main possibility remains possibility with pair decrease. I think bulls couldn’t hold level (-1/8) very long and we will see the break through of this level and pair decrease to 109.38 (-2/8) level, when the pair rise this level the Murrey levels are going to be redrafted.

Trading decisions: sell from the four-hours Supertrend line

Nikolay Krishtopov
Analyst of «FreshForex» company
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