Bears are passive | 09 Juni 2016
09 Juni 2016, USD/JPY
4-hourly chart USD/JPY. This currency pair continues to decrease slowly. The nearest target is located an the main level of support (0/8), and it has not been reached. Such sluggish dynamics of the downward movement calls into question the ability of the bears to achieve this target. But as we do not have any signals for an upward pivot, the main scenario is a decrease towards (0/8) support level. Trading solutions: open short positions 4-hourly SuperTrend. The nearest target is the same – 106.25 (0/8) support level, if this level is broken, you had better held positions with next target - 105.47. Set Stop Loss at opening price than.
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.
