The price has failed to cross (4/8) | 18 Juli 2016
18 Juli 2016, USD/JPY
The four-hours chart of USDJPY . Crossing the major support / resistance level (4/8) with the first attempt has failed. The price has bounced down, but remains to be above the four-hours SuperTrend line. It gives chances for a growth. Nevertheless, there is a strong level (4/8), and since the price could not penetrate it, we deem drop as the main plan. The alternative option for today is retest of major support and resistance level (4/8)
Trading solutions: The goal on the four-hours SuperTrend line has been reached.
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.
