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