Bulls managed to hold the local level of support | 12 مايو 2016
12 مايو 2016, USD/JPY
The four-hours chart of USDJPY . Bulls managed to hold the support at the SuperTrend Day line. The price was pushed up thus confirming our expectations of a possible corrective growth. Its nearest goal is the major support and resistance level (4/8). To ensure a continued growth, buyers need break and consolidate above (4/8). Once this level is crossed, a new promising target (6/8) will be opened
Trading solutions: Keep Buy trades from the SuperTrend Day line and check respond of the price to the level (4/8) to make a decision whether to keep an order on or not.
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.
