We are waiting for the price on the level (6/8) | 28 August 2015

28 August 2015, USD/JPY

We are waiting for the price on the level (6/8)

The four-hours' chart of USDJPY . Movement in the channel (3/8 & ndash; 5/8) turned out not to be long, so exit from it does not serve as a prognostic event to us. The nearest goal of growth is the level 121.88 (6/8), after reaching which we can expect resumption of the downward movement targeting the level (4/8).

Solution: sell from the level 121.88 (6/8).


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.
Nikolay Krishtopov
FreshForex Analyst
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