Bulls broke through the resistance level | 22 April 2016
22 April 2016, USD/JPY
The four-hour chart of USDJPY . Resistance on the Day SuperTrend line was broken. So, the plan with decline was canceled. An upward corrective pullback is our main expectation. From the current positions, the pair can make a downward roll back to the line of Day SuperTrend and already from it it can resume the upward movement. To return the trust, bears must get the price back under the Day line of SuperTrend or better under the level of (6/8), which opens the way for them to support at (5/8) again Trading solutions: intraday purchases from the Day 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.
