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The pair continues to consolidate above the level of (4/8)

08 September 2015, USD/JPY

The pair continues to consolidate above the level of (4/8)

The four-hour chart of USDJPY . The pair continues to consolidate at the level of (4/8). This is the strongest level in the system. As long as the price is above this mark, the primary expectation is growth of the pair. The nearest goal stands on the SuperTrend Day Line. Therefore, this option will be canceled in case of break down and consolidation of the price below the level of (4/8).

solutions: purchase from the level of 118.75 (4/8)

Nikolay Krishtopov
FreshForex Analyst
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