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Bulls justify our expectations

25 May 2016, USD/JPY

The four-hours chart of USDJPY . Bears decided not to tempt a fate and seized the initiative, without waiting when the price drops to the Day SuperTrend line. Thus, our expectations remain the same. The medium-term expectation is growth of the pair targeting 110.94 (6/8). We do not consider a drop scenario as bears did not manage to break any one of the major support levels

Trading solutions: Buy trades can keep hold by shifting Stop Loss order to breakeven. No new good entry points yet

Nikolay Krishtopov
FreshForex Analyst
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