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Expecting the price on the level (4/8)

Expecting the price on the level (4/8) | 10 August 2016

10 August 2016, USD/JPY

Expecting the price on the level (4/8)

The four-hours chart of USDJPY . A downward rollback took place between (3/8) and (4/8). Typically, such reversals do not have a lot of potential. The price is still higher than the local support area formed above the level (1/8). Therefore, growth and work out of a reversal pattern is still the main plan. The target is the major support and resistance level (4/8)

Trading solutions: Buy from current levels with a view on the level of 103.13 (4/8).

Nikolay Krishtopov
FreshForex Analyst
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