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Bears are knocked

Bears are knocked | 25 April 2016

25 April 2016, USD/JPY

The four-hours chart of USD JPY. On Friday bulls did not allow bears to act. After this growth it is difficult to expect the same return. The price may resume the upward movement from current levels. The next goal is the main resistance level (8/8). Bears need to drag the price below the four-hours line of SuperTrend and consolidate below it to restore their positions. But the probability of this scenario is very low

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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