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The pair has reversed on the level (7/8)

25 June 2015, USD/JPY

The pair has reversed on the level (7/8)

4 hours’ chart ofUSDJPY. For the second time, the pair has bounced from reversal level 1.2422 (7/8). Usually, if the price reverses from this point,The nearest target is based on the main level of support and resistance 1.2188 (4/8). This scenario will be cancelled by a break and consolidation of the pair above the point (7/8).

Nikolay Krishtopov
FreshForex Analyst
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