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Correctional growth will continue

06 May 2016, USD/JPY

Correctional growth will continue

The four-hours chart of USDJPY . The nearest goal of growth is the intermediate level of resistance (2/8). An outlook of a corrective growth depends on results of test of this level. Its breakthrough and consolidation above it will open a target for a further growth. A downward bounce would signal the beginning of a new descending wave.

Trading solutions: Keep buying from the level (0/8). The goal is the intermediate level of resistance (2/8)

Nikolay Krishtopov
Analyst of «FreshForex» company
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