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We are waiting for the price on the level (4/8)

28 July 2015, USD/JPY

We are waiting for the price level (4/8)

The four-hour's chart of USDJPY . The pair broke the level (6/8), but now once again is trying to consolidate above this mark. Nevertheless, the main plan considered by us now is decline of the pair down to the support and resistance level (4/8), because eariler it reversed on the level (7/8). This option will be canceled by breakdown of the level (7/8) from bottom to top.

Nikolay Krishtopov
FreshForex Analyst
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