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Levels were redrafted

26 May 2015, USD/JPY

26 May of 2015, USD/JPY

Levels were redrafted

4 hours’ chart of USDJPY. With a jerk, the pair has left the area of overboughtness and crossed the point (+2/8). As a result, we watch how Murrey levels were redrafted and widened above all, cause volatility on this instrument has widened. At present, the pair is based on the level (5/8). This level impacts on the price only when it is movding within the frames of horizontal level (3/8 – 5/8). Meanwhile we have'nt got all confirmation signals, but only have prerequisites for even higher position of the price. Nevertheless, it is quite possible not to wait for correction to the point (4/8).

Nikolay Krishtopov
FreshForex Analyst
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