Leonid graduated from Donetsk National Technical University, specialization "Automation and process control". He came to the market five years ago. As a basis of trade he uses indicator «Murray levels» , also prefers the classical technical analysis.

USD/JPY is going to update minimum at 105.47

Paar a second time trying to test the key level 0/8 (106.25). The probability of further decline at least to the level of -1/8 (105.47) is high, given the ideal rebound from the level 2/8 (107.81). The argument in favor of the reduction also acts decreasing STH4. Scenario of rollback to the area of STD1 is possible, but unlikely, since in addition to the stop at the 0/8 level there are no other reasons for the growth.

Trade recommendations:

Sell - 106.20; sl - 106.90; tp - 105.40. 

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