Log in

The pair broke the level (4/8)

01 September 2016, USD/JPY

4 hours' chart of USDJPY . Quickly enough the price has managed to overcome a major support and resistance level 103.13 (4/8). Now the pair is trying to gain foothold above it. If it succeeds, we may expect continuation of the upward movement. The next goal is Daily Supertrend line, upon its reach we can expect a downward rollback of the price. A false breakout of the level (4/8) is also possible. It will be relevant if the price returns to 103.13 (4/8) and gains a foothold there.

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.