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Wait the price to hit level (4/8)

22 June 2015, USD/JPY

Wait the price to hit level (4/8)

Four hours chart of USDJPY. Over the last time, no significant changes have been noted on the chart. So, our expectations also remain unchanged. The main scenario considered by us is decline of the pair. Its target is still the main level of support and resistance прежнему (4/8). Should the price manage to consolidate above 6/8, this scenario will fail (6/8).

Nikolay Krishtopov
Analyst of «FreshForex» company
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