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

Murrey levels were redrafted

22 July 2016, USD/JPY

The four-hours chart of USDJPY . Murrey levels were redrafted and that reduced volatility of the instrument. Yesterday there was quite an unexpected reversal. Nevertheless, nothing critical for bulls has not happened yet. Certainly, a counterattack of bears was successful, but a key support area - (7/8) - was defended by bulls. Therefore, to date, potential for growth remains and this option is considered to be the main one.

Solutions: at current levels you can make another attempt to enter Long. The goal is at 107.81 (+2/8). Put Stop Loss at 105.47 (7/8).

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 .