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Trying to consolidate above (6/8)

02 July 2015, USD/JPY

Trying to consolidate above (6/8)

4 hours’ chart of  USDJPY. The target on the level 123.44 (6/8) has been accomplished. Now the pair is trying to break and consolidate above this level. Shall it succeed in this attempt, its next further target will become the main level of resistance 125.00 (8/8). An alternative option is bounce of the price down and decline to the main level of support and resistance  121.88 (4/8).

Nikolay Krishtopov
FreshForex Analyst
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