08 Agustus 2016, USD/JPY
The four-hours chart of USDJPY . After another retest of the reversal level (1/8), the pair bounced up heavily, breaking the local resistance area formed by the four-hours SuperTrend line and the intermediate resistance level (2/8). This breakthrough has proved the reversal pattern and canceled a drop. Target of the pattern is always the major support and resistance level (4/8). Therefore, after a small correction we expect a new upward wave and reach of the above mentioned goals
Trading solutions: Buy from the four-hours SuperTrend line 101.35