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We are waiting when the price gets to the level (4/8)

29 July 2015, USD/JPY

We are waiting when the price gets to the level (4/8)

We are waiting when the price gets to the level (4/8)

The four-hours' chart of USDJPY . The pair is currently trying to consolidate above the level (6/8). Nevertheless, as long as the price is below the level of (7/8), the primary option is its decline as part of a reversal pattern. The target for drop is the main support and resistance level (4/8).We are waiting when the price gets to the level (4/8)

Nikolay Krishtopov
Analyst of «FreshForex» company
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