The level (4/8) until is not passed yet | 13 Mei 2016
13 Mei 2016, USD/JPY
The four-hour chart of USDJPY . With the second approach, bulls failed to break a major support and resistance level (4/8) once again. It is the strongest level in the system, so it is very difficult to pass it. However, now on the local level the situation remains favorable for growth. Main option is a retest of (4/8) and further medium-term growth with long-term goal at the level of (6/8). Resumption of the downward movement will be enabled only by breakdown of the SuperTrend Day line Trading solutions: Keep buy trades from the SuperTrend Day line, Stop LOss is moved to breakeven
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.
