Correction | 22 September 2016
22 September 2016, USD/JPY
The four-hours chart USDJPY. Pair has broken bottom limit of horizontal channel (2/8 – 4/8) in which pair moved long time. Now pair is testing the main support level 100.00 (0/8). Pair couldn’t go through this level from the first try so as a main we consider possibility with correction pair growth. The aim is the line of the four-hours Supertrend line because it is the nearest important level which could influence on the price. If we consider medium-term situation for continue decrease moving sellers should break through (0/8) level, which could be difficult.
Trading decisions: buy from 100.00 (0/8) level with aim on 100.90 level.
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.
