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

The price has stuck in the channel (6/8 - 8/8)

08 December 2015, USD/JPY

The price has stuck in the channel (6/8 - 8/8)

The four-hour chart of USD JPY . One more time, the pair has failed to break through the level (8/8). As you can see, downward bounce from this level happened, which is a signal for us that flat will continue within 6/8 and 8/8 levels. This option was considered by us as the alternative, today it became a major scenario. Breakdown and consolidation of the price above or below one of the bourders of the channel will cancel this option.

Trade Solutions: no

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 .