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Bulls open new targets for growth

10 May 2016, USD/JPY

The four-hours chart of USDJPY . Bulls are winning back the lost earlier position in a quite successful manner. As you can see they have not faced a serious resistance on the part of sellers yet. The nearest resistance area were finalized and now the way for a further growth is open. The next target is on the main level of support and resistance (4/8)

Trading solutions: The goal on the Daily SuperTrenda line has been reached. Those, who closed positions at this level, are better to stay out of the market right now. Those who continue to keep their trades open can move Stop Loss under the Daily SuperTrend line and wait for further developments.

Nikolay Krishtopov
FreshForex Analyst
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