Despite a pullback, bulls still have a chance | 11 May 2016
11 May 2016, USD/JPY
The four-hours chart of USDJPY . Bulls managed to drag the price down to the target - the main level of support and resistance (4/8). As you can see, from this level the price has rebounded down. Bulls can seize the initiative on the Supertrend Day line again. Only breakdown of this support would enable a drop.
Trading solutions: Close all purchases at (4/8), which yesterday served as the target. Now we should look for the entry points on the Day Supertrend line
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.
