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We expect the price at (8/8)

31 May 2016, USD/JPY

The four-hours chart of USDJPY . Buyers fully control the situation. The price is being held above (6/8) and the four-hours SuperTrend line. In general, even if the price declines below these levels, it will not be a critical thing for buyers. The medium-term goal for growth is the main resistance level (8/8). But it is most likely that today the price will reach it, but will ratherspend the day in a little flat.

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

Nikolay Krishtopov
FreshForex Analyst
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