manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Bulls resist

19 April 2016, USD/JPY

The four-hours chart of USDJPY . Bulls managed to defend the level 107.81 (5/8) once again. But while it is impossible to talk about smash of a downward trend. We are still dealing with correction, which, incidentally, may turn into an extended flat, but this option is considered as an alternative. The main option for today is growth, retest of the resistance based on the SuperTrend Day line and a downward pullback from this with another possible touch of (5/8).

Trading solutions: in the case of retest of the Daily SuperTrend line after return of the price to the level we can try to sell again.

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .