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Support is found at (4/8)

01 July 2015, USD/JPY

Support is found at (4/8)

4 hours’ chart of USDJPY. The pair has bounced from a strong support area, which had been formed by the main level of support and resistance 121.88 (4/8) and weekly Supertrend line. Now we're waiting for a further growth of the pair with the first target based on 123.44 (6/8). This scenario will only be cancelled by a breakthrough and consolidation of the price below the level 121.88 (4/8).

Nikolay Krishtopov
FreshForex Analyst
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