Bulls control the situation | 26 May 2016
26 May 2016, USD/JPY
Bulls did not manage to gain a foothold above the level (5/8). After breakdown of the mark bears had seized the initiative again and returned the price to the main support and resistance level 109.38 (4/8). However, no major global changes occurred. Growth of the pair remains to be the main option. Only if bears manage to drag the price below the level (3/8), it will cancel growth scenario, but it is to far away.
Trading solutions: you can hold purchases by shifting the stop to breakeven. No new good entry point 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.
