The price has reversed at the point (7/8) | 21 May 2015
21 May 2015, USD/JPY
4 hours’ chart of USDJPY. The price has bounced from reverse level (7/8), which is a rather strong sign of reversal. Usually, in these cases main level of support and resistance (4/8) perform as target. If the price breakes the level (7/8), the above-mention plan will fail and we will expect a further growth with the next target based on main level of resistance (8/8).
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.
