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The pair continued upward movement

The pair continued upward movement | 21 October 2015

21 October 2015, USD/JPY

The pair continued upward movement

The four-hours chart of USDJPY . After a durable consolidation, the price broke the level (2/8) and continued its growth. But now the price found resistance represented by the Supertrend Day line. We expect a downward rebound from this level targeting the level of (6/8). Breakdown of resistance line from the bottom to top would cancel this option.

Trade Solutions: sales from the Supertrend Day line

Nikolay Krishtopov
FreshForex Analyst
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