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Going to storm (4/8)

19 July 2016, USD/JPY

Going to storm (4/8)

The four-hours chart of USDJPY . The pair is still holding a confident position above the four-hours SuperTrend Line, maintaining potential for further growth. From the main support / resistance level (4/8), we saw a slight downward rebound, but the pair is testing this mark again. The probability of breakdown of this level from bottom to top with the second attempt is much higher. Now we consider this option as the primary option. This option will canceled by consolidation of the pair below the four-hours SuperTrend Line.

Trading solutions: Buy from current levels. Put a Stop Loss behind the four-hours Supertrend line. The goal is at the level of 109.38 (6/8)

Aleksey Panasenko
FreshForex Analyst
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