22 March 2016, USD/JPY
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