Again we storm level (5/8) | 18 April 2016

18 April 2016, USD/JPY

The four-hours chart of USDJPY . Now the pair is proof-testing support at the level of (5/8) again. This is the second attempt and the price can break it down easily. At the moment, we can expect a rollback to the four-hours line of SuperTrend and the level (5/8). On breakdown of the support level, the next target for drop is the main support / resistance level (4/8)

Trading solutions: Next goal at the level of (5/8) c has been reached. We can settle on sales, but if we consider the situation in the medium-term, it is possible to keep the position in the future.

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.

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Nikolay Krishtopov

FreshForex Analyst

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