Bulls are trying to make up for the part of the lost positions | 05 May 2016
05 May 2016, USD/JPY
The four-hours chart of USDJPY . Bulls managed to hold the price above the main support level (0/8). The price has bounced up off this level. The upward movement will go on. The nearest goal appears to be the intermediate resistance level (2/8), from which bears are likely to try to seize the initiative again. Therefore, to continue growth, bulls need to consolidate above this level
Trading solutions: Keep yesterday's purchases from the level of (0/8). The goal is the intermediate level of resistance (2/8)
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.
