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The pair has stuck in the flat corridor

The pair has stuck in the flat corridor | 15 September 2016

15 September 2016, USD/JPY

USD/JPY: pair has stuck into flat corridor

The four-hours chart USDJPY. After unimportant pseudo breakthrough pair has strong bounce from main support/resistance level (4/8). While buyers break through this level they couldn’t consider on possibilities for growth. Sellers has problem too they couldn’t go through the middle for strong level (2/8), it is pointed on that sellers don’t strong enough. We are waiting for breakthrough lines of horizontal channel (2/8 - 4/8) and consider further possibility of middle-term price movement.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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