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Wait for price near (0/8)

14 May 2015, USD/JPY

We are waiting for the price near (0/8) level

Wait for price near (0/8)

4 hours’ chart of USDJPY USDJPY. There was no any new testing of (4/8) level here. The pair has a abrupt decline and currently situated near weekly line of SuperTrend, which is a strong support level for the pair. Anyway, there was no any big rollback from this level, and thus continued falling is expected here. The first target of it will be the main (0/8) support level.

Nikolay Krishtopov
Analyst of «FreshForex» company
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