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

USD/JPY: wait for the price at the level (0/8)

08 June 2016, USD/JPY

USD/JPY: wait for the price at the level (0/8)Four-hourly chart USDJPY. Bears took the lead at the intermediate resistance level (2/8) and most likely that we will see another downward wave. To do this, bears just need to break the major support level (0/8), and at the moment it is quite possible. We wait. Trading solutions: keep sales from the four-hourly SuperTrend line. The nearest target for decline is the level 106.25 (0/8), in the case of its breakthrough, we keep sales on the next target at 105.47. We recommend not to close positions in the case if bulls will try to be fixed above the level (2/8).

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 .