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Reached the strongest level in the system

29 July 2016, USD/JPY

Reached the strongest level in the system

The four-hours chart of USDJPY. The goal at the top level of support / resistance (4/8) has been reached. It is the strongest level in the system, so crossing it on the first try is unlikely. An upward rollback and another attack of this level are most likely. In this case, if bears manage to push through this level, they will open the way to the main resistance level 100.00 (0/8). Growth of the pair is not considered, let's see what happens on test of the level of (4/8)

Trading solutions: The target (4/8) has been reached, profit on sales can be settled.

Nikolay Krishtopov
FreshForex Analyst
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