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Bulls are still dragging the price up

Bulls are still dragging the price up | 25 March 2016

25 March 2016, USD/JPY

The four-hour chart of USDJPY . Bulls are still dragging the price up. Now they are trying to break through the Day SuperTrend line and most likely they will succeed. Breakdown of this resistance level opens the way for further growth of the pair to the next target level ​​(6/8). It is a much more strong resistance level, from which bears will try to seize the initiative and will put quite a strong pressure. Only after break of strong resistance area between the levels (6/8 - 7/8) we can talk about fundamental shift. In the meantime, downward movement dominates

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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