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

The pressure on (4/8) is growing

20 July 2016, USD/JPY

The four-hours chart of USDJPY . The pressure on the main level of support / resistance (4/8) is growing. Bulls are pressing, while holding the price above the four-hours Supertrend Line. A main option is a breakthrough of (4/8), and further growth of the pair. This option would be canceled only by a breakdown and consolidation of the pair below the four-hours Supertrend Line. Despite the increasing pressure of bulls, the scenario with a downward reversal remains relevance, too, because (4/8) is the strongest in the system and breaking it is not always easy.

Trading solutions: keep yesterday's purchase

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 .