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USD/JPY: expect the (0/8) level retest

10 June 2016, USD/JPY

USD/JPY: expect the (0/8) level retest4-hourly chart for USD/JPY. (0/8) level target was tested. There was a pullback from this level. At the current moment this currency pair is going to retest this (0/8) trading zone. It is difficult to say that it would be broken, because according to whole picture the bears are not very active now. As the bulls, who chose defensive tactics. Most likely the picture will become clear as early as next trading week. Trading solutions: the nearest target is achieved and short orders were closed. You had better wait for new signals, because there are none at the market now.

Nikolay Krishtopov
FreshForex Analyst
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