manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Flat continues

19 September 2016, USD/JPY

USD/JPY: Flat is continuing

The four-hours chart USDJPY. Important changes haven’t happened. Pair is located into horizontal channel with limits on the levels 101.56 (2/8) and 103.13 (4/8). On the current moment pair has bounced from the upper line of corridor and now we are expecting price on the bottom line of the corridor. Further short-term and medium-term price direction would be depends on results of testing down line of corridor. If price breaks through (2/8) level we will expect price on (0/8) level. If price bounces upwards we are waiting for price consolidation in the range of flat.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .