Expecting the price to break the level (8/8) | 07 August 2015

07 August 2015, USD/JPY

Waiting for the breakdown level (8/8)

The four-hours' chart of USDJPY . From the main level of little support a minor pullback took place, but that is not the reaction that was supposed to be in the event of a trend reversal. Therefore, our core expectation is growth of the pair. One more proof of this scenario is the support by the four-hours' Supertrend line rendered to the price.


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.
Nikolay Krishtopov
FreshForex Analyst
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