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Expecting the price on the level (2/8)

Expecting the price on the level (2/8) | 20 June 2016

20 June 2016, USD/JPY

The four-hours chart of USDJPY . The pair continues to consolidate below (3/8), but is still below the four-hours' SuperTrend line, which currently acts as resistance. Therefore, the main plan is a decline targeting (2/8), because it is the nearest significant level of support. Growth also can not be completely disregarded, it will be driven by consolidation above the four-hours SuperTrend Line

Trading solutions - No

Nikolay Krishtopov
FreshForex Analyst
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