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

Pair has consolidate in oversold area

24 February 2016, USD/JPY

Pair has consolidate in oversold area

The four-hours chart USDJPY. After pair has consolidated in oversold area, it continues to decrease. Now there is no preconditions for price rising. So as a main possibility we are expecting pair decrease. Nearest aim is on (-1/8) level. From this level pair could have upward correction. More medium-term aim for decrease is (-2/8) level.

Trading decisions: hold sells

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 .