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The pair is retained in the channel

The pair is retained in the channel | 26 August 2015

26 August 2015, USD/JPY

held in the channel

The four-hours' chart of USDJPY . A the moment, the pair continues to consolidate in a horizontal channel with borders at levels 117.19 (3/8) and 120.31 (5/8). While the price has not gone beyond the flat, our main expectation is continuation of the price movement within the above-designated channel. So, we buy is from the bottom of the channel (3/8), and sell from the upper border (5/8).

Nikolay Krishtopov
FreshForex Analyst
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