Breakthrough of the level (2/8) is expected | 03 اكتوبر 2016
03 اكتوبر 2016, USD/JPY
The four-hours chart USDJPY. In spite of many price bounces from the intermediate resistance level(2/8) the four-hours Supertrend line continue supporting the price. Buyers are stretching pressure on (2/8) level. This is medium strength level and it couldn’t hold buyers for a long time. So as a priority we could considered possibility with price breakthrough level (2/8)and further pair growth with medium-term aim on the main support/resistance level(4/8).
Trading decisions: buy from the four-hours Supertrend line 101.07
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.
