Expecting the price on the level (2/8) | 26 September 2016

26 September 2016, USD/JPY

USD/JPY: We are expecting price on (2/8) level

The four-hours chart USDJPY. After strong upwards pullback from the main support level (0/8) pair is consolidating above (1/8) level. After price pullback from the main support level (0/8) the aim for correction growth is intermediate resistance level (2/8). Now there is no possibility for price down pullback from current levels. So main possibility is possibility with pair growth up to (2/8) level. This possibility would be canceled if price breaks through and consolidates under (1/8) level.

Trading decisions: hold deals on buy to 100.78 (1/8) level with aim on 101.56 (2/8) 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.
Nikolay Krishtopov
FreshForex Analyst
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