Growth | 04 Julio 2016
04 Julio 2016, USD/JPY
The four-hours chart of USDJPY . Bulls failed to consolidate above the intermediate resistance level. However, they still manage to hold the price above the four-hours line of Supertrend thereby maintaining potential for growth. We expect growth and consolidation of the price above (2/8). The alternative option is drop (1/8). However, this option will become relevant only when the price consolidates below the four-hours line of Supertrend.
Trading solutions: buy from the current levels with a short Stop Loss set at the four-hours line of Supertrend. The nearest goal is the Daily SuperTrend line 103.65
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.
