Potential for growth remains

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).

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call