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The pair is approaching to the first level of resistance

The pair is approaching to the first level of resistance | 09 September 2015

09 September 2015, USD/JPY

to the first level of resistance

The four-hours chart of USDJPY . After the price has bounced from the main support and resistance level (4/8), resumption of the upward movement became main expectation. The pair is currently coming to the first level of resistance, which acts as a SuperTrend Day line. We can expect a roll back down, but only as a local correction. The main goal at the moment is the level (6/8).

Trading Solutions: close Long on the Day SuperTrend line .

Nikolay Krishtopov
FreshForex Analyst
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