Log in

The pair remains into a horizontal corridor

20 September 2016, USD/JPY

USD/JPY: Pair remains into horizontal corridor

The four-hours chart USDJPY. Aim on (2/8) level has reached. This is bottom limit of horizontal corridor (2/8 – 4/8). In this corridor pair has moved last week. As we can see pair has upwards bounce from (2/8) level, as a priority we would see possibility with price moving into horizontal channel. This possibility would be canceled if price breaks through one limit of the corridor. Now the main possibility is possibility with breakthrough bottom limit. But if it happe the main possibility will be changed to the price moving to the main support level (0/8).

Trading decisions: no

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.