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Expecting the price on the level (2/8)

01 August 2016, USD/JPY

The four-hours chart of USDJPY . After a minor consolidation, the pair broken through the main support and resistance level. It is a serious claim for continuation of the downward movement. Resistance is at (4/8), to which the four-hours line of SuperTrend is now pulling up, the nearest goal for drop is (2/8), the medium-term target is (0/8). Growth of the pair is not considered

Trading solutions: Try to sell at pullback to 103.12 (4/8)

Nikolay Krishtopov
FreshForex Analyst
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