Wait for price at (0/8) level | 15 May 2015
15 May 2015, USD/JPY
.png "Wait for price at (0/8) level")
4 hours’ chart of USDJPY. This pair was not able to break support of weekly line of SuperTrend and there was an upward reversal of price. However, the pair is located below the intermediate resistance level of (2/8), from which you can expect the new reduction wave. So, the main scenario is decline to (0/8) mark. The alternative is a (2/8) level breakthrough bottom to top and sideways trend will continue in (0/8 – 4/8) range.
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.
