Bears have set the dominating role | 18 مارس 2016
18 مارس 2016, USD/JPY
The four-hours chart of USD JPY . The pair has entered the oversoldness zone, thus bears fully established their dominance. Now the pair is testing the strength level (-1/8), which is the last barrier protecting bulls, but I do not think that they can sustain again. After a slight upward pullback, I would wait for the breakdown of this level and further drop targeting the level of (-2/8). For that Murrey levels will have to be redrafted. I do not view the bullish scenario at all
Trading solutions: Sale from the four-hours line of SuperTrend
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
