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