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Breakthrough of the level (2/8) is expected

Breakthrough of the level (2/8) is expected | 03 October 2016

03 October 2016, USD/JPY

Breakthrough of the level (2/8) is expected

The four-hours chart USDJPY. In spite of many price bounces from the intermediate resistance level(2/8) the four-hours Supertrend line continue supporting the price. Buyers are stretching pressure on (2/8) level. This is medium strength level and it couldn’t hold buyers for a long time. So as a priority we could considered possibility with price breakthrough level (2/8)and further pair growth with medium-term aim on the main support/resistance level(4/8).

Trading decisions: buy from the four-hours Supertrend line 101.07

Aleksey Panasenko
FreshForex Analyst
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