Expecting the price on the level (0/8)

06 July 2016, USD/JPY

The four-hours chart of USDJPY . Support (1/8) has been broken. The pair continues to move down. The next level, which can influence the price is (0/8). This is one of the strongest levels in the system, and it is quite able to hold the price from a deeper fall. A deeper drop in the medium run can be enabled by its breakdown and consolidation below (0/8).

Solutions: no

Nikolay Krishtopov
FreshForex Analyst
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