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Expecting the price to break the level (8/8)

07 August 2015, USD/JPY

Waiting for the breakdown level (8/8)

The four-hours' chart of USDJPY . From the main level of little support a minor pullback took place, but that is not the reaction that was supposed to be in the event of a trend reversal. Therefore, our core expectation is growth of the pair. One more proof of this scenario is the support by the four-hours' Supertrend line rendered to the price.

Nikolay Krishtopov
FreshForex Analyst
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