Bulls control the situation | 26 May 2016

26 May 2016, USD/JPY

Bulls did not manage to gain a foothold above the level (5/8). After breakdown of the mark bears had seized the initiative again and returned the price to the main support and resistance level 109.38 (4/8). However, no major global changes occurred. Growth of the pair remains to be the main option. Only if bears manage to drag the price below the level (3/8), it will cancel growth scenario, but it is to far away.

Trading solutions: you can hold purchases by shifting the stop to breakeven. No new good entry point yet.

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