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We are waiting for the price on the level (0/8)

24 December 2015, USD/JPY

We are waiting for the price on the level (0/8)

The four-hours chart of USDJPY . Reversal has failed. With the second attempt the price easily broke through the level (1/8), thereby abolishing the scenario of its growth to the main support and resistance level (4/8). Now the main option is lowering to the main support level (0/8), and a subsequent rebound from this level.

Trading Solutions: None

Nikolay Krishtopov
FreshForex Analyst
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