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Price reversed on the level of (7/8)

Price reversed on the level of (7/8) | 27 July 2015

27 July 2015, USD/JPY

Price reversed on the level of (7/8)4-hours' chart of USDJPY . After a slight breakthrough of the reversal level (7/8), the pair has confidently entrenched below the four-hours' SuperTrend line and now it is about to attach the intermediate support level (6/8). So, in the near future we may see how the price will wok on the reversal pattern trying to fall down to the main support and resistance level (4/8). This option will be canceled if the price gets above the four-hours' SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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