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Correction

Correction | 07 July 2016

07 July 2016, USD/JPY

Correction

The four-hours chart of USDJPY . A little space remained for the pair to reach the target on the main support level (0/8). We may not see a retest and touch this level. Anyway, we expect a local corrective upward pullback from this level targeting the SuperTrend Daily line. A stronger resistance level is at (2/8). This option will be canceled by breakdown of (0/8) from top to bottom. In such a case we will be waiting for continuation of the downtrend, as there are no signs of its completion

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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