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Pair is moving in the channel

Pair is moving in the channel | 16 March 2016

16 March 2016, USD/JPY

Pair is moving in channel

The four-hours chart USDJPY. Pair hasn’t had important changes in last day. Pair is going to move in horizontal channel in range of (0/8 – 1/8). Nether bears nor bulls could break through this channel. But in the whole my expectations are remained. I think that price could rise and first aim would be (2/8) level, as level which can influenced on the price. If the price would be consolidated under (0/8) level price could continue decrease.

Trading decisions: buy with aim on (2/8) level.

Nikolay Krishtopov
FreshForex Analyst
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