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Expecting the price on the level (2/8)

Expecting the price on the level (2/8) | 25 August 2016

25 August 2016, USD/JPY

The four-hours chart of USDJPY . An ongoing consolidation of the price within the narrow range just above the main support level (0/8). However, at least until the price is hold above this mark, the prior option is still growth of the pair. The next target lies at the intermediate level of resistance (2/8). The main scenario will be canceled only by breakdown and consolidation of the price below (0/8)

Solutions: We keep buying. The goal lies at the intermediate level of resistance 101.56 (2/8).

Nikolay Krishtopov
FreshForex Analyst
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