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Are buyers as strong?

26 April 2016, USD/JPY

The four-hours chart of USDJPY . There is a strong growth, correction to the four-hours Super Trend line, the price is above this line - all signs that the upward movement will continue. But there is one thing. The price has not rebounded from four-hours Super Trend line and continues to consolidate above it. This is a strong signal that this support level will be broken. Therefore, at the moment, the primary option is drop. It will be canceled if the price gets above the upper border of the resulting on four-hours Super Trend line

Trading solutions: Sale from 111.20

Nikolay Krishtopov
Analyst of «FreshForex» company
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