Bulls can take the lead | 24 May 2016
24 May 2016, USD/JPY
The four-hours chart of USDJPY . Bears pressed through a major support and resistance level from top to bottom. The next local support level lies at the daily line of SuperTrend. In the medium-term the price is still looking up. So from this level we expect reversal and surge of the pair. The medium-term decline can be considered only if bulls manage to break through the strong support formed at the level of (3/8).
Trading solutions: Buy trades can be hold with Stop Loss shifted to breakeven. No new entry points yet.
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.
