Trying to consolidate above (6/8) | 14 Juli 2015
14 Juli 2015, USD/JPY
4 hours’ chart of USDJPY. The pair is trying to consolidate above (6/8). Now we cannot tell about this consolidation as a completed fact, but chances to overcome this point successfully are rather good. Additional support to the price is given by the 4 hours’ Supertrend line, to which the price provides a good respond. If the pair manages to consolidate above (6/8), then the main level of resistance (0/8) will become its next target.
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.
