Flat with a new border | 08 October 2015

08 October 2015, USD/JPY

Flat with a new border

The four-hours chart of USDJPY . One more redraft of the levels is caused by decline in the volatility of the instrument. Nevertheless, a horizontal channel remains relavant. The upper border is the SuperTrend Day line, and the the main support level (0/8) is the lower border. Continuation of consolidation within the specified channel is the main expectation.

Trading solutions: purchase from the level (0/8), the sale from the SuperTrenda Day line

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.

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Nikolay Krishtopov

FreshForex Analyst

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