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Target is on the level (8/8) has been reached

Target is on the level (8/8) has been reached | 06 August 2015

06 August 2015, USD/JPY

Target is on the level (8/8) has been reached

The four-hours' chart of USDJPY . The target on the main resistance level has been (8/8) achieved. This is a very strong level, which often attracts not only strong correctional pullbacks, but also trend reversal. However, talking about turn of the price is early cause there is no confirming signal of reversal. Therefore, the main option to consider is continuation of growth of the pair.

Nikolay Krishtopov
FreshForex Analyst
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