Decline | 18 January 2016

18 January 2016, USD/JPY

Decline

The four-hours chart of USDJPY . Flat within the borders of the levels (3/8 and 4/8) has ended. The price has broken the level of (3/8) and now as main option is continuation of the downward movement of the pair. The next target for drop is the level (2/8). This option will be cancelled in the case of consolidation of the pair above the four-hours line of Supertrend.

Trade Solutions: sales from the four-hours line of Supertrend


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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