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Expecting the price at the level (2/8)

28 September 2016, USD/JPY

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

The four-hours chart USDJPY. Pair hasn’t had important changes yesterday. Pair continues consolidation above the main support level (0/8). Until this level holds price we consider possibility with pair growth as a priority. The nearest aim for growth is support area between 101.56 (2/8) level and daily Supertrend line. This possibility would canceled if pair brakes through and consolidates under (0/8) level.

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

Nikolay Krishtopov
FreshForex Analyst
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