Wait for decline

02 February 2016, USD/JPY

Wait for decline

4-hourly chart USDJPY. The pair couldn’t reach the level (6/8) and quit strong had a pullback down. Under this the 4-hourly supertrend line was broken, what says about trend dynamic loss. Now the price tests week supertrend lines, from which the pair can have a pullback up a bit, after this we wait for a further price decline.

Trading solutions: none.

Nikolay Krishtopov
FreshForex Analyst
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