manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Trying to consolidate above (6/8)

02 July 2015, USD/JPY

Trying to consolidate above (6/8)

4 hours’ chart of  USDJPY. The target on the level 123.44 (6/8) has been accomplished. Now the pair is trying to break and consolidate above this level. Shall it succeed in this attempt, its next further target will become the main level of resistance 125.00 (8/8). An alternative option is bounce of the price down and decline to the main level of support and resistance  121.88 (4/8).

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