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Expecting the price on the level (8/8)

30 May 2016, USD/JPY

The four-hours chart of USDJPY . Finally, bulls began to move the price up actively. At the same time, the price has easily broken through the next target level (6/8) thus enabling a further growth. The next target is the main resistance level (8/8). But it is not necessary to dismiss the possibility of a reversal at (7/8), though this is an alternative option.

Trading solutions: if you have not closed at (6/8), you can hold the position further, the next target is (8/8), Stop Loss can be pulled to the level of (5/8)

Nikolay Krishtopov
Analyst of «FreshForex» company
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