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Try to settle above (8/8)

Try to settle above (8/8) | 12 August 2015

12 August 2015, USD/JPY

Try to settle above (8/8)

Try to settle above (8/8)

The USDJPY four-hour chart. USDJPY The pair broke (8/8) level, but it can’t settle above it now. The main reason is an overbought zone, which is situated above this level. It is often a very strong resistance for every pair. Anyway, the main scenario is a big growth. And first target of this growth is (+1/8) level.

Nikolay Krishtopov
FreshForex Analyst
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