Correctional growth will continue | 06 May 2016

06 May 2016, USD/JPY

Correctional growth will continue

The four-hours chart of USDJPY . The nearest goal of growth is the intermediate level of resistance (2/8). An outlook of a corrective growth depends on results of test of this level. Its breakthrough and consolidation above it will open a target for a further growth. A downward bounce would signal the beginning of a new descending wave.

Trading solutions: Keep buying from the level (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.
Nikolay Krishtopov
Analista de la empresa" FreshForex
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