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

The price stopped at the level of (5/8)

11 December 2015, USD/JPY

The price stopped at the level of (5/8)

The four-hour chart of USD JPY . The pair easily broke through the level of (4/8) and stopped at the level of (5/8). As you can see, there are preconditions for a further price movement within the flat within the borders (3/8 - 5/8). But meanwhile the primary expectation is drop of the price to the level of (2/8). Continuation of the price movement within the channel (3/8 - 5/8) will be the major scenatio on rebound of the price from the level (3/8).

Trading solution: None

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .