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Expecting the price on the level (2/8)

Expecting the price on the level (2/8) | 17 June 2016

17 June 2016, USD/JPY

The four-hours chart of USDJPY . The nearest support level (2/8) was not reached by the price. However, there is no doubt regarding dominance of sellers. So, decline of the pair is the main plan. Only cross of and consolidation of bulls above the four-hours'Supertrend line will enable continuation of the corrective upside growth. In this case, we may see the price on the main support / resistance level (4/8) again. In the meantime, we consider this option only as the alternative one.

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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