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Movement continues within the horizontal channel

Movement continues within the horizontal channel | 25 September 2015

25 September 2015, USD/JPY

The movement continues in a horizontal channel

The four-hours chart of USDJPY . The pair is still moving within the borders of horizontal channel with boundaries as the main support level of resistance (4/8) and the SuperTrend Day line. Continuation of the price movement in a horizontal channel remains to be the main option. So far, we have received no signs of exit from this channel.

Trade Solutions: sales from the upper border of the channel, and purchase from the bottom border.

Nikolay Krishtopov
FreshForex Analyst
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