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Wait the price to hit level (4/8)

Wait the price to hit level (4/8) | 11 June 2015

11 June 2015, USD/JPY

Wait the price to hit level (4/8)

4 hours’ chart ofUSDJPY. Following to a rather strong decline, the pair is going through correction. The nearest target for correction is the part between 4 hours' Supertrend line and the level (6/8). We can expect that the price will fall from this level with the target based on the main level of support and resistance (4/8). As long as the price is under (6/8), we cannot consider possibilities of renewal of growth.

Nikolay Krishtopov
FreshForex Analyst
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