Waiting when the price will reach the level (6/8) | 06 Juli 2015
06 Juli 2015, USD/JPY
4 hours’ chart of USDJPY. The pair has again bounced down from the level (6/8) to the main level of support and resistance (4/8). Since it is the strongest level in the system, we wait a new growth and return of the price to the point (6/8). It can cause further breakthrough of this level and further upward movement to the level (8/8). This scenario will be cancelled by breakthrough and and consolidation of the price under the level (4/8).
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.
