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Bulls have vanished

29 April 2016, USD/JPY

The four-hours chart of USDJPY . The pair continues to decline almost without pullbacks. Without a great deal of difficulty, it crossed the key support level, which the pair had tested unsuccessfully several times before. Bullish resistance is completely suppressed and the reversal level (1/8) is unlikely to help them. Most likely, after a minor correction, the pair will continue to move downward. Goal is the major support level (0/8). Growth is not considered at all until there we get signals of presence of buyers

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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