Flat continues | 14 October 2015

14 October 2015, USD/JPY

Flat continues

The four-hours chart of USDJPY . Flat continues. But it is little narrower. As you can see, the last time the price by no way can gain a foothold above the main support and resistance level (4/8). The SuperTrend Day line, which formerly used to be the upper border of the flat, has lifted to the mark (4/8). So we expect a further price movement with the flat direction, but in a more narrow range between the levels (0/8) and (4/8).

Trading solutions: purchase from the level (0/8), the sale from the SuperTrend Day line

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus