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Decline

Decline | 21 April 2016

21 April 2016, USD/JPY

The four-hours chart of USDJPY . Nothing unexpected happened yesterday. Retest of resistance on the SuperTrend Day line was highly probable yesterday. SO far, this level of resistance is not broken, so the main option remains the same: drop to the level of (5/8) as the next support level. Do not forget about the possible beginning of an extended flat with borders (5/8 - 6/8). It is necessary to take into account such a possibility on the medium-term trading

Trading solutions: Sale from SuperTrend Day line with a short Stop Loss set at the current local High

Nikolay Krishtopov
FreshForex Analyst
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