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Testing the strongest level in the system

Testing the strongest level in the system | 10 July 2015

10 July 2015, USD/JPY

Testing the strongest level in the system

4 hours’ chart of  USDJPY. The pair is still proof testing the main level of support and resistance  (4/8). So far, the pair failed to pass this level. The main scenario considered by us is renewal of decline with the nearest target based on the level (2/8). This scenario will be cancelled by consolidation of the price above on the level (4/8).

Nikolay Krishtopov
FreshForex Analyst
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