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Growth is expected

Growth is expected | 26 January 2016

26 January 2016, USD/JPY

Growth is expected

The four-hours chart of USDJPY . Downward correction is developing from the main support and resistance level (4/8). But now the pair has approached the four-hours SuperTrend line, from which the price may resume its upward movement with the next target based at the Weekly SuperTrend line. Consolidation of the pair below the four-hours SuperTrend line will cancel this option.

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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