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We wait the price to reach (2/8) level

28 April 2015, USD/JPY

We wait the price to reach (2/8) level 4 hours’ chart of USDJPY. No significant changes took place over the last day. The pair continues its consolidation around support level formed by (8/8) level and line of week SuperTrend. The main configuration is the same, we wait for growth of the pair with the first target based on intermediate resistance level (2/8). Only upon breaking through and consolidation of the price below (0/8), we can wait a further decline of price.

Nikolay Krishtopov
FreshForex Analyst
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