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We expect the price on the SuperTrend Day line

22 January 2016, USD/JPY

We expect the price on the SuperTrend Day line

The four-hours chart of USDJPY . After the reversal between levels (2/8) and (3/8) the pair continues to move upwards. The nearest resistance from, which we can expect a downward rollback of the price is on the Supertrend Day line. Expectation of a continued growth will be no longer relevant in the case of consolidation below the four-hours Supertrend Line.

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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