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Retest of the point (2/8) is expected

Retest of the point (2/8) is expected | 09 July 2015

09 July 2015, USD/JPY

Retest (2/8) is expected

4 hours’ chart of  USDJPY. The pair continued its decline. Having reached support on the level (2/8), it returned to the bottom. Correction will be over in the resistance area formed by the main level of support and resistance  (4/8) and weekly Supertrend line. After that, we shall expect retest of the point (2/8) and chances are rather good for that.

Nikolay Krishtopov
FreshForex Analyst
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