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The pair is retained in the channel (3/8 - 5/8)

The pair is retained in the channel (3/8 - 5/8) | 27 August 2015

27 August 2015, USD/JPY

The pair is held in the channel (3/8 - 5/8)

The four-hours' chart of USDJPY .No significant changes have been made on the chart for the last 24 hours. At the moment, the price continues to consolidate in the horizontal channel with borders 117.19 (3/8) and 120.31 (5/8). While the price has not gone beyond the flat, the main option is continuation of the price movement in the above-designated channel. Accordingly, we should buy from the bottom of the channel (3/8), and sell from the upper border of the channel (5/8).

Nikolay Krishtopov
FreshForex Analyst
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