The pair has stuck in the horizontal channel | 17 May 2016
17 May 2016, USD/JPY
The four-hour chart of USDJPY . The pair has stuck in the horizontal channel formed by the Day SuperTrend line and main levels of support and resistance (4/8). So far, there are no signs that the price may leave the flat. Therefore, the direction of exit of the price from flat will largely determine the medium-term outlook of the price. Meanwhile we are waiting
Trading solutions: I can close the purchase with a small profit, but given the fact that my Stop Loss orders is in the breake-even status, I can extend this purchase
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.
