Movement continues within the horizontal channel | 25 September 2015

25 September 2015, USD/JPY

The movement continues in a horizontal channel

The four-hours chart of USDJPY . The pair is still moving within the borders of horizontal channel with boundaries as the main support level of resistance (4/8) and the SuperTrend Day line. Continuation of the price movement in a horizontal channel remains to be the main option. So far, we have received no signs of exit from this channel.

Trade Solutions: sales from the upper border of the channel, and purchase from the bottom border.


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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