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Expecting the price on the level (2/8)

Expecting the price on the level (2/8) | 21 June 2016

21 June 2016, USD/JPY

The four-hours chart of USDJPY . Bulls failed to cross resistance - the four-hours Supertrend line. The price has bounced down, thereby confirming our expectation of a deeper drop. The next target is still (2/8). Growth will be relevant if the bulls manage to push the four-hours SuperTrend line and gain a foothold there. But, at the moment, chances for the last plan are very low.

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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