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The pair has approached (7/8)

24 June 2015, USD/JPY

The pair has approached (7/8)

4 hours’ chart of USDJPY. The pair has approached to the nearest he main level of resistance (7/8). The main feature of this level is that if the price stops at it, a strong pullback is coming with the target based on the main level of support and resistance (4/8). The target was not reached in the first case, so we are waiting for success of the second effort. This option will be cancelled by breaking the level (7/8) from bottom to top.

Nikolay Krishtopov
FreshForex Analyst
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