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Further growth

19 May 2016, USD/JPY

The four-hours chart of USDJPY . The prices had left the horizontal channel. As we expected, this was an upward movement. In general, the situation is now fully controlled by bulls. The nearest resistance level is (6/8), and there are all signs of further growth. Drop can be expected only in the form of a possible corrective pullback. The nearest goal for these pullbacks is the four-hours Supertrend line

Trading solutions: You can keep Buy trades and enter the market only in the case of a rollback to the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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