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We expect retest of the level (0/8)

We expect retest of the level (0/8) | 15 December 2015

15 December 2015, USD/JPY

We expect retest of the level (0/8)

The four-hours chart of USD JPY . The pair failed to consolidate above the level (2/8) and crossed the level (1/8), thereby abolishing its growth to the level of (4/8). The pair rebounded from the level (2/8), and we expect further drop and retest of the level of (0/8). This option will be canceled in case of consolidation of the price above the level (2/8).

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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