The price stopped at the level of (5/8) | 11 December 2015
11 December 2015, USD/JPY
The four-hour chart of USD JPY . The pair easily broke through the level of (4/8) and stopped at the level of (5/8). As you can see, there are preconditions for a further price movement within the flat within the borders (3/8 - 5/8). But meanwhile the primary expectation is drop of the price to the level of (2/8). Continuation of the price movement within the channel (3/8 - 5/8) will be the major scenatio on rebound of the price from the level (3/8).
Trading solution: None
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.
