We are waiting for the price on the level (6/8)

29 January 2016, USD/JPY

We are waiting for the price on the level (6/8)

The four-hours chart of USDJPY . Against the news background, the pair shot up. Most likely, the upward movement will still continue for some time before a downward pullback will happen. Target for growth is the level (6/8). Once it is reached, we expect a downward pullback. In the case of breakdown of the level (6/8), we can expect further growth with a view on the level of (8/8).

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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