Bulls are resisting | 23 March 2016

23 March 2016, USD/JPY

 Bulls are resisting

The four-hours chart USDJPY. Decrease of volatility of this tools lead to the redrafting of Murrey levels. They have gotten narrow. Now pair locates near the strongest level of system (4/8), so as a main we are considering possibility with pair decrease and retest (2/8) level. This possibility will be canceled if price breaks through (4/8) level. In this case bulls will open way for further correction growth with aim on the daily Supertrend line. Maybe price can rise to (6/8) level from which we can expect sellers activation.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus