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

Bulls are trying to make up for the part of the lost positions

05 May 2016, USD/JPY

Bulls are trying to make up for the part of the lost positions

The four-hours chart of USDJPY . Bulls managed to hold the price above the main support level (0/8). The price has bounced up off this level. The upward movement will go on. The nearest goal appears to be the intermediate resistance level (2/8), from which bears are likely to try to seize the initiative again. Therefore, to continue growth, bulls need to consolidate above this level

Trading solutions: Keep yesterday's purchases from the level of (0/8). The goal is the intermediate level of resistance (2/8)

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.