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Trying to consolidate below (6/8)

10 June 2015, USD/JPY

Trying to consolidate below (6/8)

4 hours’ chart of USDJPY. In the result of a correctional pullback, the pair has not only reached nearest target on the intermediate level of support, but also forced it down. If the price consolidates below this level, the next target for decline will be the main level of support and resistance (4/8). Anyway, the price is now below (6/8) and it is too early to expect renewal of growth .

Nikolay Krishtopov
FreshForex Analyst
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