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Expecting the price on the level (0/8)

05 August 2016, USD/JPY

Expecting the price on the level (0/8)

The four-hours chart of USDJPY . The pair could not break the intermediate resistance level (2/8) and bounced off it. So, growth to the main support and resistance level (4/8), which we expected yesterday is under a big question. To date, continuation of the downward movement to the main support level (0/8) is more probable.

Trading solutions: close purchases by the current price and look for Sell options at o 101.56 (2/8) to the main support level 100.00 (0/8).

Nikolay Krishtopov
FreshForex Analyst
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