Trying to consolidate above (6/8) | 02 July 2015
02 July 2015, USD/JPY
4 hours’ chart of USDJPY. The target on the level 123.44 (6/8) has been accomplished. Now the pair is trying to break and consolidate above this level. Shall it succeed in this attempt, its next further target will become the main level of resistance 125.00 (8/8). An alternative option is bounce of the price down and decline to the main level of support and resistance 121.88 (4/8).
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.
