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The price reversed on the level (1/8)

14 December 2015, USD/JPY

The price reversed on the level (1/8)

The four-hours chart of USD JPY . The pair bounced up from the pivot level (1/8). This is a signal of a further growth to the main support and resistance level (4/8). This option will be canceled in case of return and consolidation of the price below (2/8). In this case, we expect a further drop to the main support level (0/8).

Trading solutions: purchase from the level (2/8)

Nikolay Krishtopov
FreshForex Analyst
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