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Wait for the price on the level (8/8)

14 August 2015, USD/JPY

Wait for the price on the level (8/8)

4 hours’ chart of USDJPY. The daily Supertrend line managed to keep the pair from the further decline. At the moment we wait for the price growth to the main resistance level (8/8), the further price direction will be depended on its testing results. If we see the pullback down again, we will go to the main support/resistance level (4/8). If we break and fix above (8/8), we continue the ascending movement.

Nikolay Krishtopov
FreshForex Analyst
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