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Again we storm level (5/8)

Again we storm level (5/8) | 18 April 2016

18 April 2016, USD/JPY

The four-hours chart of USDJPY . Now the pair is proof-testing support at the level of (5/8) again. This is the second attempt and the price can break it down easily. At the moment, we can expect a rollback to the four-hours line of SuperTrend and the level (5/8). On breakdown of the support level, the next target for drop is the main support / resistance level (4/8)

Trading solutions: Next goal at the level of (5/8) c has been reached. We can settle on sales, but if we consider the situation in the medium-term, it is possible to keep the position in the future.

Nikolay Krishtopov
FreshForex Analyst
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