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Trying to consolidate above (6/8)

14 July 2015, USD/JPY

Trying to consolidate above (6/8)

4 hours’ chart of  USDJPY. The pair is trying to consolidate above (6/8). Now we cannot tell about this consolidation as a completed fact, but chances to overcome this point successfully are rather good. Additional support to the price is given by the 4 hours’ Supertrend line, to which the price provides a good respond. If the pair manages to consolidate above (6/8), then the main level of resistance (0/8) will become its next target.

Nikolay Krishtopov
FreshForex Analyst
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