Growth is expected

30 December 2015, USD/JPY

Growth is expected

The four-hours chart of USDJPY . The pair bounced upwards from the main level of support (0/8). The rebound was not as strong as we would like it to be, however the level of (0/8) has sustained, so we still consider growth as the main option. The intermediate level resistance (2/8) is its goal. Local resistance is now four-hours SuperTrend line.

Trade Solutions: Keep buying with a view on the level of (2/8)

Nikolay Krishtopov
FreshForex Analyst
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