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We are expecting further growth

05 September 2016, USD/JPY

USD/JPY: we are expecting further growth

The level (4/8) continues holding the price but support on this level is getting stronger. So the main possibility is growth. The nearest goal is at level (6/8). In medium-term period we can expect the price on the main resistance level (8/8). Drp becomes relevan after breakthrough and consolidation under the main support / resistance level (4/8), but there no signs of this.

Trading decisions: buy from level 103.13 (4/8) with the next goal on 104.69 (6/8) level.

Nikolay Krishtopov
FreshForex Analyst
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