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Bears took the lead

Bears took the lead | 30 March 2016

30 March 2016, USD/JPY

The four-hours chart of USDJPY . Bulls could not hold the price at (6/8). In fact, such a situation was expected in our previous reviews, because this was a key area of ​​resistance, where bears had just to take the initiative to continue the downward movement. From current levels we can expect a rollback of the prices up, but it is only on the local level, whereas te medium-term priority is still drop of the pair targeting (2/8). As long as the price is under (6/8) , there is no outlook of medium-term growth.

Trading Solutions: sales from the four-hours line of Supertrend

Nikolay Krishtopov
FreshForex Analyst
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