Sellers have the initiative | 08 September 2016
08 September 2016, USD/JPY
The four-hours chart USDJPY. Pair is continue correction on (2/8) level. We haven’t seen considerable correction it is point on strength of sellers. We consider price decreasing as a main possibility. The aim is next even level in this case it is the main support level (0/8). This level would be canceled if bulls could break through and consolidate above the four- hours Supertrend line. In this case we can consider on pullback to the area of main support/ resistance level (4/8).
Trading decisions: 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.
