Nearing the strongest level in the system | 15 Juli 2016
15 Juli 2016, USD/JPY
The four-hours chart of USDJPY . The goal on the main level of support and resistance (4/8) has been reached. It is the strongest level in the system and is usually crossed with pullbacks. In this case the price has already passed quite a long distance with little or without significant pullbacks. So, drop is the main plan with the nearest target represented by the four-hours SuperTrend line. This option will be canceled by breakdown and consolidation of the prices above (4/8) Trading solutions: The goal has been reached, settle the profit and try to sell from current levels with a view on the four-hours SuperTrend line.
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.
