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The pair has approached (6/8)

13 July 2015, USD/JPY

The pair has approached (6/8)

4 hours’ chart of  USDJPY. Without much efforts, the pair has overcome the main level of support and resistance (4/8) from bottom to top and continued its growth. At present, the nearest level which is able to stop the pair, is the point (6/8). As soon as it is reached, we shall expect a pullback of the price with the first target based on 4 hours’ Supertrend line, whereupon an ascending movement may continue. .

Nikolay Krishtopov
FreshForex Analyst
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