We are expecting price exit from consolidation | 14 Maret 2016
14 Maret 2016, USD/JPY
The four-hours chart USDJPY. Bulls are continue to rise price. Now they are near the very important level (1/8). Usually this level don’t have resistance but in this case price has long consolidation into the range (0/8 – 1/8). Level (1/8) is a upper line of corridor from which price couldn’t go out. But the possibility of pair growth is the main because medium-term bounce and pair consolidation above the main support level (0/8) are more strong signal.
Trading decisions: but with aim into (2/8) level.
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.
