A continued drop | 02 August 2016
02 August 2016, USD/JPY
The four-hours chart of USDJPY . The pair has proof-tested the four-hours SuperTrend line and bounced off it. So, we have a signal of a continued downward movement. The nearest goal is still (2/8). The medium-term goal is the main support level (0/8). Growth of the pair will be considered after the break and consolidation above the main support and resistance level (4/8). Solutions: yesterday the trade was not activated, but I will not remove the order, still sell at a price rollback to 103.12 (4/8).
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.
