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Bulls are losing their positions

02 June 2016, USD/JPY

The four-hours chart of USDJPY. While approaching the critical zone for bulls, bears pressed through the support line (the Dayily SuperTrend line) and continued to push the price down. If buyers do not seize the initiative, all their hopes can be broken to pieces. But, as long as they manage to hold the price above (5/8), the priority is growth with the nearest target (5/8).

Trading solutions: another attempt to enter the market has failed yesterday, today there is no confidence in strength of bulls, so we should stay out of the market.

Nikolay Krishtopov
FreshForex Analyst
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