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We are expecting growth

02 March 2016, USD/JPY

We are expecting growth

The four-hours chart of USDJPY. Price has bounced upward from (0/8) level. As a result price has broken through and consolidated above the daily and four-hours Supertrend lines - now they have transformed to support levels. From this level, we can expect a further pair's growth. This possibility will be canceled if price consolidate under the four-hours Supertrend line.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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