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

We expect work out of a reversal pattern

09 August 2016, USD/JPY

The four-hours chart of USDJPY . After stop and reversal of the price at (1/8), the main option is growth of the pair to the main support / resistance level (4/8). Now the price sticks to this scenario. If you look at the overall current picture, the current growth is considered not as a reversal, but as a corrective pullback. So far, the downward trend is not completely broken, upon reach of the target level (4/8), we may see the beginning of a new descending wave bringing update of the local Low

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.