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USD/JPY: wait for the price at the level (0/8)

USD/JPY: wait for the price at the level (0/8) | 08 June 2016

08 June 2016, USD/JPY

USD/JPY: wait for the price at the level (0/8)Four-hourly chart USDJPY. Bears took the lead at the intermediate resistance level (2/8) and most likely that we will see another downward wave. To do this, bears just need to break the major support level (0/8), and at the moment it is quite possible. We wait. Trading solutions: keep sales from the four-hourly SuperTrend line. The nearest target for decline is the level 106.25 (0/8), in the case of its breakthrough, we keep sales on the next target at 105.47. We recommend not to close positions in the case if bulls will try to be fixed above the level (2/8).

Nikolay Krishtopov
FreshForex Analyst
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