We are expecting further growth | 05 September 2016

05 September 2016, USD/JPY

USD/JPY: we are expecting further growth

The level (4/8) continues holding the price but support on this level is getting stronger. So the main possibility is growth. The nearest goal is at level (6/8). In medium-term period we can expect the price on the main resistance level (8/8). Drp becomes relevan after breakthrough and consolidation under the main support / resistance level (4/8), but there no signs of this.

Trading decisions: buy from level 103.13 (4/8) with the next goal on 104.69 (6/8) level.

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .