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Breakthrough of the level (2/8) is expected

16 September 2016, USD/JPY

USD/JPY: we are waiting for breakthrough level (2/8)

The four-hours chart USDJPY. Price hasn’t important changes at the last day. Pair continues moving in horizontal corridor (2/8 – 4/8). Now price goes to the bottom limit of corridor but breakthrough of this level is possible. Breakthrough of this level opens way for further pair decrease with aim on the main support level (8/8). Alternative possibility is continuing price moving in limits of horizontal corridor (2/8 – 4/8). Alternative possibility would be real if price bounces from (2/8) level.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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