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Waiting for retest of the level (2/8)

09 September 2016, USD/JPY

USD/JPY: waiting for restart level (2/8)

The four-hours chart USDJPY. Now the level (2/8) could hold price. From this level we could see upwards pullback. But bulls couldn’t quickly turn price back so it is possible we could waiting restart (2/8) level. But it is difficult to say would be break through this level. On the other hand it is important for bulls to hold price above (2/8) level to break through this tendency. We are waiting for further price movement.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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