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

Retesting the strongest level in the system

14 September 2016, USD/JPY

USD/JPY: price is retesting the strongest level in the system

The four-hours chart USDJPY. Level (2/8) couldn’t hold price from further decrease. We see strong price pullback and pair is testing the main support\ resistance level (4/8). Now there is no possibilities to the breakthrough from this level to the bottom. As a priority we could look possibility with pair down bounce from (4/8) level and return to the level (2/8). This possibility would be canceled if the pair brakes through and consolidate above (4/8) level.

Trading decisions: sell from the currency levels with stop for local maximum with aim on 101.56 (2/8) level.

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 .