FreshForex - Analytics

    FreshForex

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    Correction 07 July 2016, USD/JPY

    Correction

    The four-hours chart of USDJPY . A little space remained for the pair to reach the target on the main support level (0/8). We may not see a retest and touch this level. Anyway, we expect a local corrective upward pullback from this level targeting the SuperTrend Daily line. A stronger resistance level is at (2/8). This option will be canceled by breakdown of (0/8) from top to bottom. In such a case we will be waiting for continuation of the downtrend, as there are no signs of its completion

    Trading solutions: No


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