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Expecting the price at (6/8)

17 October 2016, USD/JPY

The four-hours chart of USDJPY . The upward movement continues. There are no signs for downward reversal. Therefore, we expect growth with the next target 104.59 (6/8) and the medium-term goal as the level of (8/8). This option will be canceled only if bears manage to push and keep the price below the four-hours SuperTrend Line, which currently serves as a local dynamic support level.

Trading solutions: transfer purchases to breakeven and hold further with the target 104.59 (6/8)

Nikolay Krishtopov
FreshForex Analyst
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