The pair piles on the pressure on the main support level (0/8) | 29 أبريل 2015
29 أبريل 2015, USD/JPY
4 hours’ chart of USDJPY. The pair piles on the pressure on the main support level (0/8) but we don’t see real attempts to break this level. Therefore, the main options considered by us is the upward to the intermediate resistance level (2/8), from which we can wait a new wave of decline. An alternative option: breakthrough and consolidation of price in the oversoldness area and a further decline of the pair.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
