Try to settle above (8/8) | 12 August 2015

12 August 2015, USD/JPY

Try to settle above (8/8)

Try to settle above (8/8)

The USDJPY four-hour chart. USDJPY The pair broke (8/8) level, but it can’t settle above it now. The main reason is an overbought zone, which is situated above this level. It is often a very strong resistance for every pair. Anyway, the main scenario is a big growth. And first target of this growth is (+1/8) 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.
Nikolay Krishtopov
FreshForex Analyst
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