Potential for growth remains | 14 July 2016

14 July 2016, USD/JPY

The four-hours chart of USDJPY . Bulls still manage to hold the price above the four-hours SuperTrend Line. This is a good signal for continuation of the upward movement. The main plan is growth targeting the major support and resistance level (4/8). The alternative option - drop of the price to the nearest goal (2/8) - will be relevant only if bears manage to push support - the four-hours SuperTrend line down.

Trading solutions: buy from current levels with the nearest goal - the main level of support and resistance (4/8).


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Nikolay Krishtopov
FreshForex Analyst
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