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The pair is expected to consolidate above (2/8)

01 July 2016, USD/JPY

The pair is expected to consolidate above (2/8)

The four-hours chart of USDJPY . Bulls continue to push the price up slowly but surely. The pair is currently storming the intermediate resistance level (2/8). So far, the price fails to consolidate above this level, but most likely, it is a matter of time. Growth to the SuperTrend Daily line is the main option, because it is the nearest significant level that may have an impact on the price. To make the pair drop, a at least break through and consolidation below the four-hours SuperTrend Line is needed.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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