Bulls are resisting | 23 مارس 2016
23 مارس 2016, USD/JPY
The four-hours chart USDJPY. Decrease of volatility of this tools lead to the redrafting of Murrey levels. They have gotten narrow. Now pair locates near the strongest level of system (4/8), so as a main we are considering possibility with pair decrease and retest (2/8) level. This possibility will be canceled if price breaks through (4/8) level. In this case bulls will open way for further correction growth with aim on the daily Supertrend line. Maybe price can rise to (6/8) level from which we can expect sellers activation.
Trading decisions: no
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.
