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The pair is clamped in a horizontal channel

The pair is clamped in a horizontal channel | 21 September 2015

21 September 2015, USD/JPY

A pair clamped in a horizontal channel

The four-hours chart of USDJPY . The pair is sandwiched between the main support and resistance level (4/8), and the SuperTrend Day line. Currently it is developing an upward movement from the bottom line of flat to its top line. In the near future we expect the flat within the formed channel to continue.

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Nikolay Krishtopov
FreshForex Analyst
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