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

The pair is testing strength of the reversal level (7/8)

30 July 2015, USD/JPY

The pair is testing strength of the reversal level (7/8)

The four-hours' chart of USDJPY . The pair has resumed its upward movement and once again is testing strength of the reversal level (7/8). However, at the moment, the pair is below this level, therefore, our basic expectation is decline to the main support and resistance level (4/8). Thus, this option will be canceled by a breakthrough and consolidation of the price above the level (7/8).

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.