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

Potential for further growth

21 July 2016, USD/JPY

The four-hours chart of USDJPY . The main support and resistance level (4/8) is broken. The upward movement with the medium-term goal at (6/8) is the main plan. Sales are not even considered, because there are no prerequisites for a downward reversal. Just below the main support and resistance level (4/8), a rather strong support area has been formed. As long as the pair is above it, growth of the pair is the main option.

Trading solutions: keep yesterday's buying, Stop Loss can be moved to breakeven.

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 .