The pressure on (4/8) is growing | 20 Juli 2016
20 Juli 2016, USD/JPY
The four-hours chart of USDJPY . The pressure on the main level of support / resistance (4/8) is growing. Bulls are pressing, while holding the price above the four-hours Supertrend Line. A main option is a breakthrough of (4/8), and further growth of the pair. This option would be canceled only by a breakdown and consolidation of the pair below the four-hours Supertrend Line. Despite the increasing pressure of bulls, the scenario with a downward reversal remains relevance, too, because (4/8) is the strongest in the system and breaking it is not always easy. Trading solutions: keep yesterday's purchase
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.
