Potential for local growth | 12 September 2016
12 September 2016, USD/JPY
The four-hours chart USDJPY. Pair continues correction after strong decreas. It is early to say about middle – term growth because pair locates under strong local support area. Which is located under weekly Supertrand line, but locally pair could continue upwards movement up to mention resistance area. Further price movement would be connected from results of testing this line. Upwards breakthrough opens way to the (8/8) level. Down bounce could be signal for decrease to (0/8) level.
Trading decisions: 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.
