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Bulls broke through the resistance level

22 April 2016, USD/JPY

Bulls broke through the resistance level

The four-hour chart of USDJPY . Resistance on the Day SuperTrend line was broken. So, the plan with decline was canceled. An upward corrective pullback is our main expectation. From the current positions, the pair can make a downward roll back to the line of Day SuperTrend and already from it it can resume the upward movement. To return the trust, bears must get the price back under the Day line of SuperTrend or better under the level of (6/8), which opens the way for them to support at (5/8) again

Trading solutions: intraday purchases from the Day SuperTrend Line

Nikolay Krishtopov
FreshForex Analyst
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