Waiting when the price will hit level (0/8) | 20 October 2015

20 October 2015, USD/JPY

Waiting when the price will hit level (0/8)

The four-hours chart of USDJPY . No significant changes have been made on the chart for the last 24 hours. The upward movement that began in the oversoldness area, has reached the first significant resistance, which acts is represented by the mark (2/8). As long the price can not break through this level, decline remains to be the main expectation. The first goal is the main support level (0/8).

Trading Solutions: sales from (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.
Nikolay Krishtopov
FreshForex Analyst
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