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Bear dozed off

Bear dozed off | 14 April 2016

14 April 2016, USD/JPY

The four-hours chart of USDJPY. The most likely event is breakthrough of this level. Stop of the current corrective movement should be expected on the next resistance level, which is represented by the SuperTrend Daily line. After reaching this level, bears need to wake up and seize the initiative again

Trading solutions: You can try intraday purchases from the four-hours SuperTrend line with a view on the SuperTrend Daily line, from where in its turn we can look at sales

Nikolay Krishtopov
FreshForex Analyst
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