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Still consolidating in a very narrow range

Still consolidating in a very narrow range | 16 June 2015

16 June 2015, USD/JPY

Still consolidating in a very narrow range

4 hours’ chart of USDJPY. For the last 24 hours, no changes has been noted on the chart. The price is still consolidating in a very narrow range on the level (6/8). Core option is the same, we are waiting for decline of the price down to the main level of support and resistance(4/8). But we still note that uncertainty is rather high now and probability of renewal of ascending movement is also very high.

Nikolay Krishtopov
FreshForex Analyst
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