Wait the price to hit level (2/8) | 06 May 2015
06 May 2015, USD/JPY
4 hours’ chart of USDJPY. The pair tried to get consolidated and pull through the main level of resistance/support (4/8). But this attempt was not a lucky one. We see a rather strong bounce of the price which tells about its further decline.
Currently the price is based in local area of support formed by the lines of 4 hours’ and daily SuperTrend.
Meanwhile there is no bounce from this area, so the probability of breakthrough is rather big.
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.
