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