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Bulls don’t give up

11 March 2016, USD/JPY

 Bulls don’t give up

The four-hours chart USDJPY. Pair has bounced upwards from the main support level (0/8). But price couldn’t break through (1/8) level. According to the rules of our system, level (1/8) is weak as a resistance level. Main possibility is movement in bullish direction. Price consolidation was durable which promises strong growth in the future. But at first it will be good to test the level (2/8).

Trading decisions: buy from the four-hours Supertrend line.

Nikolay Krishtopov
Analyst of «FreshForex» company
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