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The level (0/8) is still holding the price

The level (0/8) is still holding the price | 19 August 2016

19 August 2016, USD/JPY

The four-hours chart of USDJPY . The pair continues to consolidate on the main support level (0/8). As long as this level is not broken, the main option is a corrective growth of the pair. The goal for correction is the intermediate resistance level (2/8). The downward movement will be relevant if the pair manages to gain a foothold in the oversoldness zone, but meanwhile this option is considered only as a possible alternative option.

Trading solutions: hold yesterday's purchase. The goal lies at the intermediate level of resistance 101.56 (2/8).

Nikolay Krishtopov
FreshForex Analyst
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