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Potential for further growth

Potential for further growth | 21 July 2016

21 July 2016, USD/JPY

The four-hours chart of USDJPY . The main support and resistance level (4/8) is broken. The upward movement with the medium-term goal at (6/8) is the main plan. Sales are not even considered, because there are no prerequisites for a downward reversal. Just below the main support and resistance level (4/8), a rather strong support area has been formed. As long as the pair is above it, growth of the pair is the main option.

Trading solutions: keep yesterday's buying, Stop Loss can be moved to breakeven.

Nikolay Krishtopov
FreshForex Analyst
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