The level (4/8) failed to hold the price | 08 July 2015
08 July 2015, USD/JPY
4 hours’ chart of USDJPY. The main level of support and resistance 121.88 (4/8) failed to hold the price and now the pair is trying to consolidate under this point. Shall it succeed in this attempt, the level 120.31 (2/8) will perform as the next target for its decline. This scenario will be cancelled by return of the price above the level 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.
