Bulls succeeded to hold keep the price above (0/8)

27 June 2016, EUR/USD

The four-hours chart of USDJPY . Bulls managed to withstand an attack of bears and keep the price above (0/8). Strength of the level (0/8) and now confirmed and the prior option now is growth of the pair. The first goal lies no intermediate level of resistance (2/8). To get new promising targets, bulls need to consolidate above this mark. Decline may happen as well with the goal (0/8). Only after breakdown of this level we can talk about a deeper decline. But on the current position, it is hard to believe that bears will manage to push the level

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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