Waiting for correction | 28 May 2015
28 May 2015, USD/JPY
4 hours’ chart of USDJPY. The pair quite easily managed to overcome the point (6/8) and get consolidated above it. Currently, the most important things are the stop and quite a prompt bounce of the price from reversal level (7/8). Talking about reversal pattern is too early, cause we don't have the price consolidated above 4 hours’ Super trend line yet. But, taking into account a general picture, we can expect a correctional pullback of the price to 4 hours’ Super trend line. Our further expectations depend on how the price reacts to this suppot 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.
