We are expecting price on (2/8) level

17 February 2016, USD/JPY

We are expecting price on (2/8) level

The four-hours chart USDJPY. The pair has bounced down but the four-hours Supertrend line is supporting price. The main possibility is further pair rise. The aim is intermediate support level(2/8). This possibility will be changed if the price makes breakthrough and consolidates under (3/8) the four-hours Supertrend line.

Trading decisions: buy from the four-hours Supertrend line

Nikolay Krishtopov
FreshForex Analyst
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