Expecting the price on the level (4/8) | 08 أغسطس 2016
08 أغسطس 2016, USD/JPY
The four-hours chart of USDJPY . After another retest of the reversal level (1/8), the pair bounced up heavily, breaking the local resistance area formed by the four-hours SuperTrend line and the intermediate resistance level (2/8). This breakthrough has proved the reversal pattern and canceled a drop. Target of the pattern is always the major support and resistance level (4/8). Therefore, after a small correction we expect a new upward wave and reach of the above mentioned goals
Trading solutions: Buy from the four-hours SuperTrend line 101.35
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.
