Log in

Potential for growth

30 August 2016, USD/JPY

Potential for growth

The four-hours chart of USDJPY . We are witnessing a local corrective pullback from (3/8). So far, the four-hours SuperTrenda line is providing the price with support. This line works well on a good trend movement, so rebound from this level is a signal that the upward movement would continue. Main support and resistance level (4/8) serves as the next target for growth. This option will be canceled by breakdown and consolidation of the price below the four-hours' SuperTrend Line. Therefore, it is important for bulls to hold the price at current levels,

Trading solutions: None

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.