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The next retest of the level (8/8)

The next retest of the level (8/8) | 07 December 2015

07 December 2015, USD/JPY

The next retest of the level (8/8)

The four-hour chart of USDJPY . From the level (6/8) the pair resumed its upward movement. At the moment, the price is approaching to resistance located at the level of (8/8). Our main expectation is breakdown of this level and consolidation of the price in the overboughtness zone. Alternatively, we expect a rebound from the level (8/8) and contination of the flat within the borders (6/8 - 8/8).

Trade Solutions: No

Nikolay Krishtopov
FreshForex Analyst
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