The pair has stuck in the flat corridor | 15 September 2016
15 September 2016, USD/JPY
The four-hours chart USDJPY. After unimportant pseudo breakthrough pair has strong bounce from main support/resistance level (4/8). While buyers break through this level they couldn’t consider on possibilities for growth. Sellers has problem too they couldn’t go through the middle for strong level (2/8), it is pointed on that sellers don’t strong enough. We are waiting for breakthrough lines of horizontal channel (2/8 - 4/8) and consider further possibility of middle-term price movement.
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.
