Potential for further growth | 21 Juli 2016
21 Juli 2016, USD/JPY
The four-hours chart of USDJPY . The main support and resistance level (4/8) is broken. The upward movement with the medium-term goal at (6/8) is the main plan. Sales are not even considered, because there are no prerequisites for a downward reversal. Just below the main support and resistance level (4/8), a rather strong support area has been formed. As long as the pair is above it, growth of the pair is the main option. Trading solutions: keep yesterday's buying, Stop Loss can be moved to breakeven.
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.
