The pair is testing strength of the reversal level (7/8) | 30 يوليو 2015
30 يوليو 2015, USD/JPY
The four-hours' chart of USDJPY . The pair has resumed its upward movement and once again is testing strength of the reversal level (7/8). However, at the moment, the pair is below this level, therefore, our basic expectation is decline to the main support and resistance level (4/8). Thus, this option will be canceled by a breakthrough and consolidation of the price above the level (7/8).
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.
