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The pair has successfully overcome level (4/8)

20 May 2015, USD/JPY

The pair has successfully overcome level (4/8)

4 hours’ chart of USDJPY. The pair has not only reached its nearest target on the main level of resistance and support but has also overcome it from bottom to top. Moreover, the pair is approaching the level (6/8) and it may serve as stop on the way of a further growth. Once it reaches the point (6/8), we will be waiting for a pullback with the first target based on 4 hours’ line of Supertrend.

Nikolay Krishtopov
FreshForex Analyst
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