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Waiting when the price will hit level (8/8)

Waiting when the price will hit level (8/8) | 17 August 2015

17 August 2015, USD/JPY

We are waiting for the price level (8/8)

The four-hour chart of USDJPY . The pair is consolidating in a narrow range just above the point (7/8). I will remind that after an upward rebound of the price from the Day Supertrend line, the primary scenario is growth of the pair. The target is based on the main resistance level (8/8). Accordingly, this option will be canceled in case of breakdown of the Day SuperTrend line from top to bottom.

Nikolay Krishtopov
FreshForex Analyst
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