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Expecting the price on the level (2/8)

Expecting the price on the level (2/8) | 23 August 2016

23 August 2016, USD/JPY

The four-hours chart of USDJPY. The pair is proof-testing the main support level again, but buyers still hold this level. Therefore, as the main option is growth. The goal also lies at the intermediate level of resistance (2/8). This option will be canceled only by breakdown and conslidation of the price below (2/8). That will pave the way for a deeper drop with the final goal at 98.44 (-2/8)

Trading solutions: Keep buying. The goal lies at the intermediate level of resistance 101.56 (2/8).

Vasiliy Lukin
FreshForex Analyst
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