The price has stuck in the channel (6/8 - 8/8) | 08 December 2015
08 December 2015, USD/JPY
The four-hour chart of USD JPY . One more time, the pair has failed to break through the level (8/8). As you can see, downward bounce from this level happened, which is a signal for us that flat will continue within 6/8 and 8/8 levels. This option was considered by us as the alternative, today it became a major scenario. Breakdown and consolidation of the price above or below one of the bourders of the channel will cancel this option.
Trade Solutions: no
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.
