Log in

We wait the price to reach (2/8) level

28 April 2015, USD/JPY

We wait the price to reach (2/8) level 4 hours’ chart of USDJPY. No significant changes took place over the last day. The pair continues its consolidation around support level formed by (8/8) level and line of week SuperTrend. The main configuration is the same, we wait for growth of the pair with the first target based on intermediate resistance level (2/8). Only upon breaking through and consolidation of the price below (0/8), we can wait a further decline of price.

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.