The price has entered the oversoldness zone | 07 April 2016

07 April 2016, USD/JPY

The four-hours chart of USDJPY . Bears continued to pull the price down. As we can see, the price is already storming the main support level (0/8) and this attempt is is quite successful. Typically, in such cases, the price can stop at the level of (-1/8), from it will form correction to the level of (0/8). To resume growth of the pair, bulls need to consolidate above the level (0/8). Given strength of the downtrend, we have a hard time believing it, but potential of sellers is also not endless. It is possible they need a break, too.

Trading solutions: No

Nikolay Krishtopov
Analis perusahaan "FreshForex"
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.