Continuation of the downward movement is expected | 24 August 2015
24 August 2015, USD/JPY
The four-hour chart of USDJPY . The pair continued to decline, and has not only reached the its nearest goals on the main support and resistance level (4/8), but has easily overcame it from top to bottom. At the moment, decline to the level (2/8) is our main expectation, then you can expect to a pullback of the price in the upward direction. Alternatively,flat (3/8 -5/8), since we already have received certain signs.
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.
