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We expect the price at (6/8)

27 May 2016, USD/JPY

The four-hours chart of USDJPY. Buyers are holding the price above the main support and resistance level (4/8). By and large, no major strategic changes in the chart happened the last day. The potential for further upward movement remains here. All key areas of support are not broken and held by bulls. Therefore, we are still waiting for further growth of the pair. The first target is (6/8). The medium-term goal is (8/8)

Trading solutions: You can hold Buy trades by shifting Stop Loss to breakeven. No new good entry point yet.

Nikolay Krishtopov
FreshForex Analyst
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