An attempt to pass the level (6/8) has failed | 03 July 2015
03 July 2015, USD/JPY
4 hours’ chart of USDJPY. The pair failed to consolidate above the level (6/8) from the first attempt. Now we witness a local correctional roll down of the price. Nevertheless, The main scenario considered by us is still growth of the price. To confirm this plan, the price needs to consolidate above the level (6/8). In this case, the main level of support and resistance (8/8) will be its target.
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.
