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The pair has stopped at the level of (4/8)

The pair has stopped at the level of (4/8) | 25 January 2016

25 January 2016, USD/JPY

The pair has stopped at the level of (4/8)

The four-hours chart of USD JPY . The pair went to the main support and resistance level (4/8), and stood on it. This is the strongest level of resistance that is very difficult to cross, so we can expect him at least a slight downward pullback of the price before it continues its upward movement. Support line is the four-hours line of SuperTrend.

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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