The level (3/8) is holding the price | 23 June 2016
23 June 2016, USD/JPY
The four-hours chart of USDJPY . The pair has stuck in a fairly narrow flat with the upper border (3/8). Meanwhile bulls are unable to cross this level to open new targets for a corrective growth. Today a downward movement targeting (2/8) is the prior option. Its breakdown will bring the price to (1/8). To make the price grow, bulls need to consolidate above (3/8). In this case, we may see a retest of the major support and resistance level (4/8). 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.
