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Growth may go on

05 May 2015, USD/JPY

4 hours’ chart of USDJPY. There was no significant bounce down from the strongest level (4/8). The pair continues to consolidate in the narrow range just below this point. It is important that the line of 4 hours’ SuperTrend is still below the price which increases chances that growth will go on. Meanwhile we wait when the point (4/8) will be retested. A further middle-term direction depends on results of test of this level.

Growth may go on

Nikolay Krishtopov
FreshForex Analyst
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