Expecting a breakthrough of (0/8) | 08 Juli 2016
08 Juli 2016, USD/JPY
The four-hours chart of USDJPY . There was no strong rebound from the main support level (0/8). Moreover, the pair failed to cross the resistance on the four-hours SuperTrend line. We have a signal of a continued downward trend movement. Therefore, we expect the downward movement to target (-1/8) as the nearest goal. A corrective growth will be enabled by consolidation of buyers above the fourhours' SuperTrend Line.
Solutions: None
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.
