Support is found at (4/8) | 01 July 2015
01 July 2015, USD/JPY
4 hours’ chart of USDJPY. The pair has bounced from a strong support area, which had been formed by the main level of support and resistance 121.88 (4/8) and weekly Supertrend line. Now we're waiting for a further growth of the pair with the first target based on 123.44 (6/8). This scenario will only be cancelled by a breakthrough and consolidation of the price below the level 121.88 (4/8).
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.
