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Waiting the price to hit level (4/8)

Waiting the price to hit level (4/8) | 29 June 2015

29 June 2015, USD/JPY

Wait the price to hit level (4/8)

4 hours’ chart of USDJPY. The pair was just about to reach the main level of support and resistance 121.88 (4/8), which turned to be the target level after its reversal on the level (7/8). However, the pair still has good chances to reach it and this is the main plan. This scenario will be only cancelled by return and consolidation of the price above 123.44 (6/8).

Nikolay Krishtopov
FreshForex Analyst
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