manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

The price has gained a foothold in oversoldness area

14 June 2016, USD/JPY

The four-hour chart of USDJPY. Bears drove the pair to oversoldness and continued to hold it there. There is a very good potential of a deeper drop. The first target is (-1/8), from which we can see a pullback and retest of the level (0/8). The medium-term goal is (-2/8), the pair is likely to reach it. Growth of the pair is not a relevant plan, it can be considered only after consolidation above (0/8).

Trading solutions: sell from the four-hours SuperTrend line 106.49 with the nearest goal 105.47 (-1/8)

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.