Bears are knocked | 25 April 2016
25 April 2016, USD/JPY
The four-hours chart of USD JPY. On Friday bulls did not allow bears to act. After this growth it is difficult to expect the same return. The price may resume the upward movement from current levels. The next goal is the main resistance level (8/8). Bears need to drag the price below the four-hours line of SuperTrend and consolidate below it to restore their positions. But the probability of this scenario is very low
Trading solutions: No
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.
