Log in

We are expecting price exit from consolidation

14 March 2016, USD/JPY

 We are expecting price exit from consolidation

The four-hours chart USDJPY. Bulls are continue to rise price. Now they are near the very important level (1/8). Usually this level don’t have resistance but in this case price has long consolidation into the range (0/8 – 1/8). Level (1/8) is a upper line of corridor from which price couldn’t go out. But the possibility of pair growth is the main because medium-term bounce and pair consolidation above the main support level (0/8) are more strong signal.

Trading decisions: but with aim into (2/8) level.

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.