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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
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