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Expecting the price on the level (6/8)

29 March 2016, USD/JPY

The four-hour schedule USDJPY . Bulls do not give up and continue to push the price even higher. At the same time, they have formed a local support area on the four-hours SuperTrend line. From this area the pair bounced up and most likely in the near future we will see the price at the level of (6/8), from which, in turn, we expect a downward bounce. This is a very strong resistance area, from which bears just have to take the initiative, because its breakdown will cast doubt on the possibility of resumption of the downtrend. A local marker will be the local support area, which it is important to consolidate below this area for bears

Trading Solutions: sales from the level (6/8)

Nikolay Krishtopov
Analyst of «FreshForex» company
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