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The level (0/8) is still holding the price

The level (0/8) is still holding the price | 26 August 2016

26 August 2016, USD/JPY

The four-hours chart of USDJPY . The pair continues to move within the flat, formed just above the main support level (0/8). Since the pair is held above the level of (0/8), the primary option is still growth. The goal is the intermediate level of resistance (2/8). This option would be canceled by breakdown and consolidation of the price below (0/8)

Trading solutions: Keep buying. The goal lies at the intermediate level of resistance 101.56 (2/8).

Vasiliy Lukin
FreshForex Analyst
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