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Expecting the price at (2/8)

23 September 2016, USD/JPY

USD/JPY: Expecting price on level (2/8)

The four-hours chart USDJPY. As we expect pair is correcting. The nearest aim for correction upwards pullback on the four-hours Supertrend line has been reached. Now we are waiting for decrease pullback from this level. But in the whole potential for deep correction upwards pullback is remain. As a priority we consider possibility with continue rising moving with next aim on intermediate resistance level (2/8). It would be difficult.

Trading decisions: buy from 100.78 (1/8) level with aim on level 101.56 (2/8).

Nikolay Krishtopov
FreshForex Analyst
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