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Expecting the price on the level (0/8)

30 September 2016, USD/JPY

USD/JPY: We are expecting price on level (0/8)

The four-hours chart USDJPY. Pair couldn’t go through intermediate resistance level (2/8) and have strong down pullback. Now the four-hours Supertrend line holds price but propably this support level would be broken through. The main possibility is support level (0/8). This possibility would be canceled if pear breaks through and consolidates upper (2/8)level, bulls will open way to the next aim for growth on the main support/resistance level (4/8).

Nikolay Krishtopov
FreshForex Analyst
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