Level (4/8) restrains price | 01 April 2016
01 April 2016, USD/JPY
The four-hours chart of USD JPY . The pair continues to consolidate below the main support and resistance level (4/8). So far, there are no preconditions for the upward reversal. Bears do not allow the price to gain a foothold above the level (4/8). Therefore, we are considering drop to be the main option. The goal is the level (2/8). Growth scenario will be relevant if bulls manage to raise the price above the level (4/8). In this case, in the medium term we may see the price at the level of (6/8) Trading solutions: Sale from the four-hours Supertrend line
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.
