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Potential for growth

30 August 2016, USD/JPY

Potential for growth

The four-hours chart of USDJPY . We are witnessing a local corrective pullback from (3/8). So far, the four-hours SuperTrenda line is providing the price with support. This line works well on a good trend movement, so rebound from this level is a signal that the upward movement would continue. Main support and resistance level (4/8) serves as the next target for growth. This option will be canceled by breakdown and consolidation of the price below the four-hours' SuperTrend Line. Therefore, it is important for bulls to hold the price at current levels,

Trading solutions: None

Nikolay Krishtopov
Analyst of «FreshForex» company
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