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The pair could not break through the resistance line

The pair could not break through the resistance line | 19 August 2015

19 August 2015, USD/JPY

The pair could not break through the resistance line

can not break through the resistance line

The four-hours' chart of USDJPY . The pair continues to consolidate in a narrow range. It is worth to note that the pair kept steadily below the fourhours' SuperTrend line and can not consolidate above it. So far, our primary expectation is decline of the prices to the intermediate level of support (6/8).The pair could not break through the resistance line

Nikolay Krishtopov
FreshForex Analyst
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