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Bears are passive

09 June 2016, USD/JPY

Bears are passive4-hourly chart USD/JPY. This currency pair continues to decrease slowly. The nearest target is located an the main level of support (0/8), and it has not been reached. Such sluggish dynamics of the downward movement calls into question the ability of the bears to achieve this target. But as we do not have any signals for an upward pivot, the main scenario is a decrease towards (0/8) support level. Trading solutions: open short positions 4-hourly SuperTrend. The nearest target is the same – 106.25 (0/8) support level, if this level is broken, you had better held positions with next target - 105.47. Set Stop Loss at opening price than.

Nikolay Krishtopov
FreshForex Analyst
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