The pair could not break through the resistance line | 19 August 2015

19 August 2015, USD/JPY

The pair could not break through the resistance line

 can not break through the resistance line

The four-hours' chart of USDJPY . The pair continues to consolidate in a narrow range. It is worth to note that the pair kept steadily below the fourhours' SuperTrend line and can not consolidate above it. So far, our primary expectation is decline of the prices to the intermediate level of support (6/8).The pair could not break through the resistance line


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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