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

Further growth

20 May 2016, USD/JPY

The four-hours chart of USDJPY . Bears are resisting, but bulls also do not lose positions. The chart gives the local priority to buyers. So, growth of the pair is the main option. The nearest goal is the level (6/8). There are slight chances for resumption of downward movement. To start, bears need to drag the price below the four-hours line of SuperTrend. For the medium and long term, bears certainly need to push the support on the Daily SuperTrend line.

Trading solutions: you can hold Buy trades andenter the market only upon a rollback to the four-hours SuperTrend line

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 .