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The level (0/8) is holding the price

The level (0/8) is holding the price | 27 September 2016

27 September 2016, USD/JPY

USD/JPY: Level (0/8)is holding price

The four-hours chart USDJPY. After short consolidation above level (1/8) pair has broken this level. Strategic this isn’t small loss for buyers because it is only local support level. The key support level locates on (0/8) level and bears couldn’t break through this level. The main possibility is possibility with pair growth. The aim is intermediate support level (2/8). This possibility would be canceled if pair breaks level (0/8).

Trading decisions: buy from current levels with aim on 101.56 (2/8) level

Nikolay Krishtopov
FreshForex Analyst
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