manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Wait the price to hit level (2/8)

06 May 2015, USD/JPY

Wait the price to hit level (2/8) 4 hours’ chart of USDJPY. The pair tried to get consolidated and pull through the main level of resistance/support (4/8). But this attempt was not a lucky one. We see a rather strong bounce of the price which tells about its further decline.

Currently the price is based in local area of support formed by the lines of 4 hours’ and daily SuperTrend.

Meanwhile there is no bounce from this area, so the probability of breakthrough is rather big.

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .