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Growth is expected

23 December 2015, USD/JPY

Growth is expected

The four-hours chart of USDJPY . The price has made another attempt to continue its downward movement and bounced up off the reversal level (1/8). It is too early to say about reversal, because we have no confirmation in the form of consolidation above the four-hours SuperTrend line. Nevertheless, at present the highest priority is growth of the pair to the level of (4/8). If the price gets below the level of (1/8), this option will be cancelled.

Trading solutions: purchase from current levels

Nikolay Krishtopov
FreshForex Analyst
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