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Waiting the price on the level (4/8)

Waiting the price on the level (4/8) | 07 July 2015

07 July 2015, USD/JPY

Wait the price on the level (4/8)

4 hours’ chart of USDJPY. The pair has bounced upwards from the main level of support and resistance  (4/8). Now we are to expect its further growth with the nearest target based on the level (6/8). If this level is broken from bottom to top, the next target for growth is the main level of resistance  (8/8). This scenario will only be cancelled by breaking the level and consolidation of the price under (4/8).

Nikolay Krishtopov
FreshForex Analyst
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