Further growth

20 May 2016, USD/JPY

The four-hours chart of USDJPY . Bears are resisting, but bulls also do not lose positions. The chart gives the local priority to buyers. So, growth of the pair is the main option. The nearest goal is the level (6/8). There are slight chances for resumption of downward movement. To start, bears need to drag the price below the four-hours line of SuperTrend. For the medium and long term, bears certainly need to push the support on the Daily SuperTrend line.

Trading solutions: you can hold Buy trades andenter the market only upon a rollback to the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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