Log in

Bulls may take the initiative

12 April 2016, USD/JPY

The four-hours chart of USDJPY . The spring is getting more tight. Bears continue to push the price to the level of (5/8), not allowing to break the four-hours SuperTrend line from bottom to top, and in turn bulls continue to hold the line at the level of (6/8). Most likely, at the moment we wintess a corrective upward pullback of the prices. The goal of correction is the level (6/8), from which, most likely, the pair will resume its downward movement. This option will be canceled if the bears manage to push the level of (5/8)

Trading Solutions: buy from current levels with a view to the level of (6/8)

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.