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Can get stuck within the flat

Can get stuck within the flat | 20 April 2016

20 April 2016, USD/JPY

The four-hour chart of USDJPY . Buyers hava faced the level of resistance (6/8). But we can not say that the resistance is very strong, especially as long as the price can be held above the four-hours SuperTrend line. Therefore, it is likely that the price will move higher. Nevertheless, the downward medium-term trend remains to be the prior option. The first goal is still represented by support - the level of (5/8). Do not forget about the alternative plan - flat (5/8 - 6/8).

< p> Trading solutions: keep selling

Nikolay Krishtopov
FreshForex Analyst
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