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Waiting until the price leaves the flat

18 May 2016, USD/JPY

Waiting until the price leaves the flat

The four-hours chart of USDJPY . The price may move up from the flat and break the channel's upper border. Medium-term goal is the level 110.94 (6/8). Decline will become relevant only if bears manage to push and keep the price below the Day Supertrend Line

Trading solutions: Who did not close the purchase hold them further. Those who closed Buy trades, should look for new entry points around ​​the four-hours SuperTrend line.

Nikolay Krishtopov
Analyst of «FreshForex» company
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