06 July 2015, USD/JPY
4 hours’ chart of USDJPY. The pair has again bounced down from the level (6/8) to the main level of support and resistance (4/8). Since it is the strongest level in the system, we wait a new growth and return of the price to the point (6/8). It can cause further breakthrough of this level and further upward movement to the level (8/8). This scenario will be cancelled by breakthrough and and consolidation of the price under the level (4/8).
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us