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Bulls control the situation

Bulls control the situation | 01 June 2016

01 June 2016, USD/JPY

The four-hours chart of USDJPY . Bears did not give bulls the opportunity to gain a foothold above (6/8) and pushed the price down. However, if we consider the current situation in a larger scale, buyers still have an advantage. No significant area of ​​support has not given up yet. Therefore, the medium-term priority is still growth of the pair. Growth may resume from current levels

Trading solutions:. Previous deal had to be closed by Stop Loss at 110.16 (5/8), butI shifted it above the entry point 108.34. Today, you can try to enter the market again from the Day Super trend line 109.60. The nearest goal is 110.94 (6/8)

Nikolay Krishtopov
FreshForex Analyst
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