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The level 100 as a magnet

13 September 2016, USD/JPY

USD/JPY: level 100 as a magnet

The four-hours chart USDJPY. The main support/resistance level (4/8) has strong resistance for price. As a result we could see strong down pull back and now pair is locating on (2/8) level. Now we couldn’t observe strong price bounce from this level and it is one of the signals of further breakthrough of this level. The breakthrough of (2/8) level could opened way to the next even level it is the main support level (8/8). This possibility has high priority.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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