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

The price has stuck in the flat channel

28 June 2016, USD/JPY

The four-hours chart of USDJPY . The pair has stuck in the robust flat. Meanwhile, buyers still hold the price above (1/8), so we expect growth targeting (2/8), because it is the nearest significant resistance level. Further growth will be enabled only by consolidation of the price above(2/8). Do not forget that we still have a relevant downtrend, so decline should not be disregarded. On breakdown of (1/8) we may see the price at (0/8) and maybe below

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .