The price has approached a critical level | 17 July 2015

17 July 2015, USD/JPY

A strong ascending movement has stopped but the price has closely approached a critical level. Breakthrough of this level will cancel the plan implying the wedge and considered by us earlier.

But so far we assume that the wave 4 has completed its formation and in the nearest time we shall expect a decline within the frames of development of the wave 5.

Expecting this wave, we had opened Sell trade which is about to approach Stop Loss.

The price has approached a critical level

Vasiliy Lukin
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