We are waiting for the price on the level (0/8) | 08 February 2016

08 February 2016, USD/JPY

We are waiting for the price on the level (0/8)

The four-hours chart of USD JPY. The pair has reversed upward to the level of (1/8), which is a signal of upcoming growth of the pair to the main support and resistance level (4/8). But so far this is an alternative option, because there is no confirmation signal such as consolidation of the pair above the four-hours line of SuperTrend. The main option is a continued downward movement targeting the level of (0/8)

Trading solutions: Sale from the four-hours line of SuperTrend


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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