Log in

The price has reversed at the point (7/8)

21 May 2015, USD/JPY

The price has reversed at the point (7/8)

4 hours’ chart of USDJPY. The price has bounced from reverse level (7/8), which is a rather strong sign of reversal. Usually, in these cases main level of support and resistance (4/8) perform as target. If the price breakes the level (7/8), the above-mention plan will fail and we will expect a further growth with the next target based on main level of resistance (8/8).

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.