We expect the price at (8/8) | 31 May 2016
31 May 2016, USD/JPY
The four-hours chart of USDJPY . Buyers fully control the situation. The price is being held above (6/8) and the four-hours SuperTrend line. In general, even if the price declines below these levels, it will not be a critical thing for buyers. The medium-term goal for growth is the main resistance level (8/8). But it is most likely that today the price will reach it, but will ratherspend the day in a little flat.
Trading solutions: if you have not closed at (6/8), you can hold your positions further, the next target is (8/8), Stop Loss can be pulled to (5/8).
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.
