The pair is holding its position above (6/8) | 29 May 2015
29 May 2015, USD/JPY
4 hours’ chart of USDJPY. Following to a bounce from the reversal level (7/8), the pair is consolidating a little above the point (6/8). As we pointed out in our previous review, only if the pair manages to consolidate below 4 hours’ Super trend line, the price may reverse. Until the pair is above this level, a further growth of the pair to the main resistance level (8/8) is our main scenario.
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.
