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

Can get stuck within the flat

20 April 2016, USD/JPY

The four-hour chart of USDJPY . Buyers hava faced the level of resistance (6/8). But we can not say that the resistance is very strong, especially as long as the price can be held above the four-hours SuperTrend line. Therefore, it is likely that the price will move higher. Nevertheless, the downward medium-term trend remains to be the prior option. The first goal is still represented by support - the level of (5/8). Do not forget about the alternative plan - flat (5/8 - 6/8).

< p> Trading solutions: keep selling

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 .