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Waiting when the price will hit level (8/8)

18 August 2015, USD/JPY

Waiting when the price will hit level (8/8)

We are waiting for the price to hit the level (8/8)

The four-hours' chart of USDJPY . The pair is still consolidating in a narrow range just above (7/8). Our main expectation is stil growth of the price. Its goal is located on the main resistance level (8/8). Therefore, this option will be canceled in case of breakdown of the Day SuperTrend line from top to bottom.Waiting when the price will hit level (8/8)

Nikolay Krishtopov
Analyst of «FreshForex» company
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