Pair has consolidate in oversold area | 24 Febrero 2016
24 Febrero 2016, USD/JPY
The four-hours chart USDJPY. After pair has consolidated in oversold area, it continues to decrease. Now there is no preconditions for price rising. So as a main possibility we are expecting pair decrease. Nearest aim is on (-1/8) level. From this level pair could have upward correction. More medium-term aim for decrease is (-2/8) level.
Trading decisions: hold sells
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.
