Opportunities for growth

29 June 2016, USD/JPY

The four-hours chart of USDJPY . After a long consolidation in a very narrow range, bulls could push the price up, thereby reinforcing our expectation of further growth of the pair. The nearest goal for growth is still the closest level of support (2/8). But it is likely that bulls manage can push it from bottom to top. Therefore, the medium-term goal is the line of daily SuperTrend. The downward movement can be consolidation below the level of (1/8) support.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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