A continued flat

21 September 2016, USD/JPY

USD/JPY: Pair is continuing flat.

The four-hours chart USDJPY. Pair hasn’t gone out of horizontal corridor (2/8 – 4/8) across bottom limit. Pair couldn’t consolidate under 101.56 (2/8) level and has strong upwards pullback. But pair locates into the range of this corridor. The main possibility is flat moving. After price pullback from the bottom limit of corridor we are waiting price on the upper limit and further down pullback. This possibility would be canceled if price breaks through of the limits of corridor and consolidate there.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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