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Expecting the price on the level (2/8)

26 September 2016, USD/JPY

USD/JPY: We are expecting price on (2/8) level

The four-hours chart USDJPY. After strong upwards pullback from the main support level (0/8) pair is consolidating above (1/8) level. After price pullback from the main support level (0/8) the aim for correction growth is intermediate resistance level (2/8). Now there is no possibility for price down pullback from current levels. So main possibility is possibility with pair growth up to (2/8) level. This possibility would be canceled if price breaks through and consolidates under (1/8) level.

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

Nikolay Krishtopov
Analyst of «FreshForex» company
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