Growth may go on | 05 May 2015
05 May 2015, USD/JPY
4 hours’ chart of USDJPY. There was no significant bounce down from the strongest level (4/8). The pair continues to consolidate in the narrow range just below this point. It is important that the line of 4 hours’ SuperTrend is still below the price which increases chances that growth will go on. Meanwhile we wait when the point (4/8) will be retested. A further middle-term direction depends on results of test of this level.
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.
