Pair is moving in the channel | 16 مارس 2016
16 مارس 2016, USD/JPY
The four-hours chart USDJPY. Pair hasn’t had important changes in last day. Pair is going to move in horizontal channel in range of (0/8 – 1/8). Nether bears nor bulls could break through this channel. But in the whole my expectations are remained. I think that price could rise and first aim would be (2/8) level, as level which can influenced on the price. If the price would be consolidated under (0/8) level price could continue decrease.
Trading decisions: buy with aim on (2/8) level.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
