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Expecting price on (2/8) leve

04 March 2016, USD/JPY

Expecting price on (2/8) leve

The four-hours chart of USDJPY. Pair continues to consolidate above the support area which was formed by the four-hours Supertrend line and the daily Supertrend lines. When the price is above this area, the main possibility is pair growth. The goal for growth is the intermediate resistance level (2/8). If the price consolidates under the four-hours Supertrend line this possibility would be canceled.

Trading decisions: no

Nikolay Krishtopov
Analyst of «FreshForex» company
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