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Coming to the strong resistance area

28 March 2016, USD/JPY

The pair continues to move higher, but as we noted in our previous review, it was to be expected. To date, the key resistance level is represented by the mark (6/8). The price is coming to a very strong resistance area. In the medium and long run, to resume global growth, bulls certainly have to break through and consolidate above the level of (7/8)

Trading solutions: Sales from the level of (6/8)

Coming to the strong resistance area

The four-hours chart of USD JPY . The pair continues to move higher, but as we noted in our previous review, it was to be expected. To date, the key resistance level is represented by the mark (6/8). The price is coming to a very strong resistance area. In the medium and long run, to resume global growth, bulls certainly have to break through and consolidate above the level of (7/8)

Trading solutions: Sales from the level of (6/8)

Nikolay Krishtopov
FreshForex Analyst
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