A continued flat | 21 September 2016
21 September 2016, USD/JPY
The four-hours chart USDJPY. Pair hasn’t gone out of horizontal corridor (2/8 – 4/8) across bottom limit. Pair couldn’t consolidate under 101.56 (2/8) level and has strong upwards pullback. But pair locates into the range of this corridor. The main possibility is flat moving. After price pullback from the bottom limit of corridor we are waiting price on the upper limit and further down pullback. This possibility would be canceled if price breaks through of the limits of corridor and consolidate there.
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.
