Rebound meets key trend-line | 29 10月 2013

29 10月 2013, USD/JPY

The USD/JPY pair has bounced back quite strongly and reached the 45° trend-line for the down-move. The short term down-trend is still bearish and if the trend-line successfully repulses price then it could start to move back down from the current position again, and a break below 97.40 could target the 96.95 support lows. Nevertheless the strength of the recovery is a bullish sign and there is also the possibility of a continuation higher and a resumption of the medium-long term up-trend, although a break above the 45° trend-line would provide more confirmation of such a rebound.
Rebound meets key trend-line
Mark Satcher
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus