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Buyers showed up

04 May 2016, USD/JPY

Buyers showed up

The four-hours chart of USDJPY. A little remained for the price to reach the level of (-1/8) and then bulls managed to push the price out of the oversoldness zone. It allows for a corrective upward movement. After such a strong downward movement, it is difficult to expect that sellers will just watch all this mess from the outside. From the current levels they may try to seize the initiative again. But buyers have a local advantage. If their intentions are really serious, they need to hold the price above the level (0/8)

Trading solutions: we are looking for purchases in the event of a rollback to the mark (0/8)

Nikolay Krishtopov
FreshForex Analyst
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