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The price is expected to reach the level (6/8)

The price is expected to reach the level (6/8) | 20 August 2015

20 August 2015, USD/JPY

We are waiting for the price level (6/8)

The four-hours' chart of USDJPY . The pair resumed the downward movement. Currently, it holds the Supertrend day line , it is possible that a slight pullback in the upward direction will take place to the fourhours'-Supertrend line, but in this case the target will be an intermediate level of support (6/8). We expect decline of the price to this mark. This option will be canceled if the pair consolidates above the fourhours'-SuperTrend line.

Nikolay Krishtopov
FreshForex Analyst
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