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

Reversal on the main level of resistance (8/8)

26 July 2016, USD/JPY

The four-hours chart of USDJPY . Bears failed to gain a foothold in the overboughtness zone and, as a result, we have seen a downward reversal. To date, the price moved to the local level of support (5/8), from which we can expect an upward rebound. But, because the two resistance levels - (6/8) and the four-hours SuperTrend line - are close, the correction is unlikely to have a great potential. Medium-term plan is decline of the pair.

Trading solutions: no

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.