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Rollback and a new wave of growth

Rollback and a new wave of growth | 16 February 2016

16 February 2016, USD/JPY

Rollback and a new wave of growth

The four-hour chart of USD JPY. The pair continued an upward movement. To date, the price stood between the levels and now it is possible to expect a local down downward rollback hitting the four-hours SuperTrend line, from where we can expect a new ascending wave targeting the level (2/8). This option will be canceled by breakdown of the four-hours Supertrend line downward

Trading solutions: Make purchases from the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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