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Waiting when the price will hit the level (8/8)

21 July 2015, USD/JPY

Waiting when the price will hit the level (8/8)

4 hours’ chart of USDJPY. The level (7/8) has been passed successfully and the pair continues to move in the upward direction. Support line is represented by the 4 hours’ Supertrend line. Target for growth is the main level of resistance 125.00 (8/8). Waiting when the price will hit this level. An alternative option could be a probable growth to the same target but it made through a correctional pullback to the day Supertrend line .

Nikolay Krishtopov
Analyst of «FreshForex» company
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