Trying to gain a foothold in the overboughtness area | 25 July 2016
25 July 2016, USD/JPY
The four-hours chart of USDJPY . Bulls continue to control the situation. The local support area between (7/8) and (8/8) is held by buyers and it is fairly strong. The main option is growth. At the moment, the price is overbought, if it manages to gain a foothold there, in the near future we may see the price at (+2/8), whereupon the Murrey levels will be redrafted. < p>
Trading solutions: keep buying, target is 107.81 (+2/8). So far, hold Stop Loss behind 105.47 (7/8).
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.
