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We are waiting when the price will reach level (8/8)

24 July 2015, USD/JPY

We are waiting for the price level (8/8)

4 hours’ chart of USDJPY . The pair continues to consolidate between the level (6/8) and the point (7/8). As the main option, we still expect movement of the pair to the top level of resistance (8/8). Alternatively, we consider the plan, according the paid will drop to to the main support and resistance level (4/8), but it is relevant only in the case of consolidation of the price below (6/8).

Nikolay Krishtopov
FreshForex Analyst
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